Consider the table which shows output (o), total cost (TC)of production and marginal cost (MC)…

Economics JAMB 1991

Consider the table which shows output (o), total cost (TC)of production and marginal cost (MC) for a firm in a competitive market. Suppose price (P) = N 12, what is the maximum profit the firm can make ?

  • N2000.00
  • 1 200.00 checkmark
  • 1000.00
  • 400.00

The correct answer is: B

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