Economics 9708 · AS & A Level · 7.6

7.6 — practice question

The table sets out the firm’s present position in a perfectly competitive industry. If the firm charges $1 for its product and wants to maximise profits, what should it use?

  • Amore of both X and Y
  • Bmore of X and less of Y
  • Cmore of Y and less of X
  • Dless of both X and Y

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