Economics 0455 · IGCSE · Firms’ costs, revenue and objectives

Firms’ costs, revenue and objectives — practice question

The table gives a firm’s total costs. Each unit can be sold for $10. Output quantity (units): 7, 8, 9, 10 Overall cost ($): 10, 15, 20, 25 How many units will the firm produce to maximise profits?

  • A7
  • B8
  • C9
  • D10

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