In the diagram, the profit maximizing output is

Economics JAMB 1992

In the diagram, the profit maximizing output is

  • Q1 while 1 = AC and II = MC
  • Q1, while l = MC and ll = AC
  • Q2, while l = MC and ll AC checkmark
  • Q3, while l = AC and ll = MC

The correct answer is: C

Explanation

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