Consider the table which shows output (O), total cost (TC...
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 ?
N2000.00
N1200.00
N1000.00
N400.00
Correct answer is B
No explanation has been provided for this answer.
If the standard deviation of a set of numbers is 3.6, what is the variance? ...
If wage rate is less than the average revenue product, the firms would be earning_______ ...
An owner-manager of a firm can also be called ...
Which of the following business establishment are not motivated mainly by profit? ...
A necessary condition for specialization in an economy is the existence of ...
Age group (YEARS) Population 0 - 15 16 - 40 41 - 60 Over 60 ...
One way of solving the problem of scarcity that faces the individuals is for ...
∑f(x−x̄)N Is a formula used to calculate for ____________ ...
One benefit a country can derive from the extraction of crude oil is increase in? ...