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Economics · Oct / Nov 2025 · Paper 13 · Question 15

2281Firms’ costs, revenue and objectives

The table shows a firm's average revenue and average cost at different levels of output. When all output is sold, which level of output generates the most profit?

  1. A5
  2. B10
  3. C15
  4. D20

As printed in the paper

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Correct answer: D. 20

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