From the Diagram above, the optimal point of production i...
From the Diagram above, the optimal point of production is
R
T
U
S
Correct answer is D
The optimal point of production is at point S where MU and MR intersects. That is a point where revenue equals cost.
Similar Questions
Production takes place when ...
During a conflict between management and workers, the union's bargaing power is based on ...
A partnership sourcing for funds to expand its business would approach ______ ...
Elasticity demand is an effective tool in the hands of a producer in that it enables him ...
A major disadvantage of a socialist economy is that ...
The effect of emigration on a country's population, all other things remaining equal, is to ...
Mono-products economics are those that ...
Which of the following is not a reason for holding money? ...