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QUESTION 20 (4 Marks) Table 20.1 shows the total cost of producing a product in a perfectly competitive market. If the m
Posted: Wed Jul 06, 2022 6:29 pm
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- Question 20 4 Marks Table 20 1 Shows The Total Cost Of Producing A Product In A Perfectly Competitive Market If The M 1 (26.3 KiB) Viewed 22 times
QUESTION 20 (4 Marks) Table 20.1 shows the total cost of producing a product in a perfectly competitive market. If the market price of the goods is R200, how many units should the firm produce in order to maximise profits? Units produced 100 101 102 103 A. 103 units B. 100units C. 101 units D. 102 units Total cost R10 000 R10 200 R10 320 R10 400