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The table gives the various levels of output (Q) and its corresponding total cost of...

Economics
JAMB 1989
The table gives the various levels of output (Q) and its corresponding total cost of production. (ITC) and total revenue (TR) for a firm. Which output level Q results in maximum profit?
  • A. 400
  • B. 500
  • C. 600
  • D. 700
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Correct Answer: Option B
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