O-LevelEconomicsMicroeconomic decision makers2281/11 · May/June 2020 · Q131 Mark

The following information refers to a firm producing shoes. At which level of output does the firm maximise profits? [Figure 13.1]

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A100

B200

C300

D400

✓ Correct answer

B: 200

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Topic: Microeconomic decision makers, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2020 Paper 1 Variant 1, question 13.

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