The table presents a firm’s total revenue and marginal cost at different output levels. In which output range will the firm’s profits be at their maximum?
- A2-3 tonnes
- B3-4 tonnes
- C4-5 tonnes
- D5-6 tonnes
Economics 9708 · AS & A Level · 7.5
Economics 9708 · AS & A Level · 7.5
The table presents a firm’s total revenue and marginal cost at different output levels. In which output range will the firm’s profits be at their maximum?