In the diagram, the profit maximizing output is
ECONOMICS
JAMB 1992
In the diagram, the profit maximizing output is
- A. Q1 while 1 = AC and II = MC
- B. Q1, while l = MC and ll = AC
- C. Q2, while l = MC and ll = AC
- D. Q3, while l = AC and ll = MC
Correct Answer: C. Q2, while l = MC and ll = AC
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