A firm is at its optimum size when ___________
ECONOMICS
JAMB 2021
A firm is at its optimum size when ___________
- A. It has a motive to increase output
- B. It produces the greatest output at a minimum cost
- C. Marginal cost equals marginal revenue
- D. Marginal cost is less than marginal revenue
Correct Answer: B. It produces the greatest output at a minimum cost
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