Refer to the information provided in Figure 15.2 below to answer the question(s) that follow. 
Figure 15.2 Refer to Figure 15.2. From society's point of view, the efficient level of output is
A. 40 perms.
B. 50 perms.
C. 60 perms.
D. 80 perms.
Answer: B
You might also like to view...
Between 1994 and 2004, the monthly charge for cellular phone service decreased from $120 per month to $30 per month. At the same time, the number of subscribers increased from less than 10 million to more than 75 million. Which of the following provides the best explanation for these changes?
a. an increase in consumer income between 1994 and 2004 b. a reduction in the price of residential phone service, a substitute for cellular phone service c. an increase in the wages of workers in the cellular phone industry d. technological improvements that reduced the cost of supplying cellular phone service
Regional integration is better known as global integration through the World Trade Organization.
a. true b. false
Between which two points is consumer spending increasing?
a. A and B
b. B and C
c. C and D
d. D and E
Recall the Application about the marginal cost involved in producing crude oil to answer the following question(s).Recall the Application. Why does the marginal cost of producing crude oil increase as the volume of crude oil increases?
A. The different costs reflect the higher costs of extracting oil at different sources. B. The different costs reflect the different costs of transporting oil to the United States. C. The different costs reflect the higher taxes that the government imposes on higher production of oil. D. The different costs reflect the different exchange rates needed to buy the oil from different countries.