A-LevelEconomicsTheory of the FirmOct/Nov 2018Paper 3 Q91 Mark
What identifies the output level required to meet the stated aim of the firm? | aim of firm | produce at output where | |---|---| | A maximum efficiency | marginal cost is at a minimum | | B profit maximising | marginal cost is equal to average revenue | | C quantity of sales maximising | average revenue is equal to average cost | | D revenue maximising | marginal revenue is zero |
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