Economics
JAMB 2005
\(\begin{array}{c|c}
\text{Output(kg)} & 240 & 450 & 580 & 630 \\
\hline
\text{MR(N)} & 75 & 48 & -40 & -22 \\
\hline
\text{MC(N)} & 41& 48 & 77 & 20 \\
\end{array}\)
Given the table above, what is the firm's short - run profit maximizing output?
-
A.
450kg
-
B.
630kg
-
C.
240kg
-
D.
580kg
Correct Answer: Option A
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