Economics · Oct / Nov 2017 · Paper 12 · Question 15

The table shows the variable costs of a firm. It can sell the units for $5 each. Its fixed costs are $10. | quantity produced (units) | 10 | 11 | 12 | 13 | | variable cost ($) | 20 | 30 | 40 | 50 | How many units will the firm produce to maximise profits?

1. A10
2. B11
3. C12
4. D13

As printed in the paper