Economics (AS & A Level) · May / June 2024 · Paper 32 · Question 6
9708Differing objectives and policies of firms
A firm has the choice between five levels of output. The table shows the total cost and total revenue of producing at each output level. The firm could sell whatever output it produces. The firm decides to produce 4000 units. What is the firm's aim?
- Ato maximise profit
- Bto maximise sales
- Cto maximise revenue
- Dto minimise average costs
As printed in the paper
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Correct answer: C. to maximise revenue
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