Search SchoolNGR

Thursday, 02 April 2026
Register . Login

Consider the table which shows output (o), total cost (TC)of production and marginal ...



Consider the table which shows output (o), total cost (TC)of production and marginal cost (MC) for a firm in a competitive market. Suppose price (P) = N 12, what is the maximum profit the firm can make ?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A N2000.00
  • B 1 200.00
  • C 1000.00
  • D 400.00
Correct Answer: Option B
Explanation:

Share question on: