Economics Multiple Choice Question – 30 November 2018

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

The figure below depicts the marginal revenue and costs of a perfectly competitive firm. The firm’s profit is maximised when the firm produces ……… ?

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Select ONE answer:

  1. 170 units of output.
  2. 130 units of output.
  3. 90 units of output.
  4. 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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