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O-LevelEconomicsMicroeconomic decision makers2281/12 · Oct/Nov 2017 · Q151 Mark

The table shows the variable costs of a firm. It can sell the units for $5 each. Its fixed costs are $10. [Table 15.1] How many units will the firm produce to maximise profits?

A10
B11
C12
D13

✓ Correct answer

A: 10

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About this question

Topic
Microeconomic decision makers, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source
O-Level Economics, Oct/Nov 2017 Paper 1 Variant 2, question 15.

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