Day: September 29, 2020

The table shows a firm’s total revenue and total cost at different levels of output.

Which level of output gives maximum profit?

Select ONE answer:

Show your workings to arrive at your answer, and explain and justify your reasons:……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple choice question is suitable for Economics KS4 and KS5 classes.

The answer is 4

1. Not correct (15-15*10 = £0)
2. Not correct (20-18*20 = £40)
3. Not correct (25-20*30 = £150)
4. Correct (30-21*40 = £360)

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