Consider the table which shows output o total c... - JAMB Economics 1991 Question

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 ?

A

N2000.00

B

1 200.00

C

1000.00

D

400.00

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Correct Option: B

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