A firm's most efficient output is

A) always its most profitable output.
B) at the minimum point of its ATC curve.
C) at the minimum point of its AVC curve.
D) impossible to finD.

Most Efficient Output

The level of production at which a firm or economy can produce goods at the lowest average cost, maximizing the use of resources.

ATC Curve

The Average Total Cost Curve, which represents the average cost per unit of output over various levels of production, illustrating how costs change with output levels.

AVC Curve

The average variable cost curve, which plots the variable cost per unit of output at different levels of production.