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3.2.1 Business objectives

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Question 5

The diagram below shows the cost and revenue curves for a firm.

Cost and Revenue Curves

If the firm decides to pursue the objective of sales maximisation subject to making at least normal profit, which output level will it choose to produce?

Q1Q_1Q1​

Q2Q_2Q2​

Q3Q_3Q3​

Q4Q_4Q4​

3.2.1 Business objectives Questions

  1. A Level
  2. /Economics
  3. /3.2.1 Business objectives