The table shows a firm's revenue and costs at different levels of output. What is the firm's total supernormal profit at the profit-maximising level of output?
A.
-15
B.
10
C.
30
D.
120
Exam No：9708_w24_qp_33 Year：2024 Question No：4
Answer:
C
Knowledge points:
7.5.8 definition and calculation of revenue: total, average and marginal revenue (TR, AR, MR)
7.5.9 definition of normal, subnormal and supernormal profit
Solution:
Download APP for more features
1. Tons of answers.
2. Smarter Al tools enhance your learning journey.
IOS
Download
Download
Android
Download
Download
Google Play
Download
Download