Economics JAMB

From the diagram; determine the profit-maximizing output?

A. 600
B. 800
C. 900
D. 1000

Correct Answer:

Option C – 900

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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