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Posted: **Wed Jul 06, 2022 6:29 pm**

: Question 18 The Diagram Shows The Price Marginal Cost And Average Cost Curves Facing A Perfectly Competitive Firm In Th 1 (101.15 KiB) Viewed 26 times

: Question 18 The Diagram Shows The Price Marginal Cost And Average Cost Curves Facing A Perfectly Competitive Firm In Th 2 (195.47 KiB) Viewed 26 times

QUESTION 18 The diagram shows the price, marginal cost and average cost curves facing a perfectly competitive firm in the short run. y Cost, price (Rand) 60 BO 100 Output per day AVC Price (4 Marks) What is the total revenue of the profit-maximising firm in the short run? A.R720, B. R800, C. R960 or D. R2 000 Focus 80

QUESTION 18 The diagram shows the price, marginal cost and average cost curves facing a perfectly competitive firm in the short run. Cost, price (Rand) B.R800 C.R960 60 NO 100 D.R2 000 Output per day What is the total revenue of the profit-maximising firm in the short run? A.R720 AVC Price (4 Marks)