Consider the table which shows output (o), total cost (TC)of production and marginal cost (MC)...
ECONOMICS
JAMB 1991
Consider the table which shows output (o), total cost (TC)of production and marginal cost (MC) for a firm in a competitive market. Suppose price (P) = N 12, what is the maximum profit the firm can make ?
- A. N2000.00
- B. 1200.00
- C. 1000.00
- D. 400.00
Correct Answer: B. 1200.00
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