Economics 2281 · O Level · Firms' costs, revenue and objectives

Firms' costs, revenue and objectives — practice question

A tailor sells suits to four customers. The table gives the annual demand for the suits she produces. At which price should the suits be sold to achieve the tailor’s highest yearly revenue?

  • A$\$800$
  • B$\$900$
  • C$\$1000$
  • D$\$1100$

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