The figure below depicts the marginal revenue and costs of a perfectly competitive firm. The firm’s profit is maximised when the firm produces ……… ?
Select ONE answer:
- 170 units of output.
- 130 units of output.
- 90 units of output.
- 210 units of output.
Show your workings to arrive at your answer, and explain and justify your reasons:……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………
This multiple choice question is suitable for Economics KS5 classes.
The answer is 1
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