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O-LevelEconomicsMicroeconomic decision makers2281/11 · May/June 2012 · Q211 Mark

The table shows a firm’s average revenue and average cost. What level of output, A, B, C or D, gives maximum profit?

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AA

BB

CC

DD

✓ Correct answer

D: D

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About this question

Topic: Microeconomic decision makers, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2012 Paper 1 Variant 1, question 21.

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