Refer to Figure 15.2. From societyʹs viewpoint, the efficient level of output is ________ perms.a ) 40b ) 50c ) 60d ) 80 Önceki Demand and cost conditions for We Do HairMC32ATC282420D`MR40 46 50 60Number of permsFigure 15.2Dollars

Marginal revenue= change in total revenue/change in quantity

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viewpoint, the efficient level of output is ________ perms. a ) 40 b ) 50 c ) 60 d )

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Refer to Figure 15.2. From societyʹs viewpoint, the efficient level of output is ________ perms.

a )

40
b )

50
c )

60
d )

80

Demand and cost conditions for We Do Hair
MC
32
ATC
28
24
20
D
`MR
40 46 50 60
Number of perms
Figure 15.2
Dollars

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