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From the diagram, determine the profit-maximizing output

Economics
JAMB 2015

From the diagram, determine the profit-maximizing output

  • A. 600
  • B. 800
  • C. 900
  • D. 1000
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Correct Answer: Option C
Explanation

The profit – maximizing output level is 900 because at this, output level MC = MR. The marginal cost curve is tangential to the marginal revenue line which shows the price maximizing level output.

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