Question on: JAMB Economics - 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 ?

A

N2000.00

B

1 200.00

C

1000.00

D

400.00

Ask EduPadi AI for a detailed answer

Correct Option: B

No responses