Economics Multiple Choice Question – 2 December 2018

The figure below depicts the marginal revenue and costs of a perfectly competitive firm. The marginal cost of the last unit produced ……… ?

Select ONE answer:

1. $16 per unit.
2. $4 per unit.
3. $8 per unit.
4. None of the above answers is correct.

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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