CIMA Exam CIMAPRA17-BA1-1 Topic 1 Question 89 Discussion

Actual exam question for CIMA's CIMAPRA17-BA1-1 exam

Question #: 89
Topic #: 1

[All CIMAPRA17-BA1-1 Questions]

A firm will maximize profits by producing at that level of output where

Aaverage total cost is at a minimum

Baverage revenue is at a maximum

Cthe difference between total costs and total revenue is greatest

Dthe difference between average revenue and average variable cost is greatest

Show Suggested Answer

Suggested Answer: A

by Alonzo at May 30, 2024, 06:39 PM

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Mozell

1 days ago

Hmm, I'm feeling option D here. Maximizing the gap between average revenue and average variable cost just makes sense to me. Gotta keep those variable costs in check, you know?

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My

14 days ago

Ah, the age-old question of profit maximization. Let's see, I think option C is the way to go - gotta maximize that sweet, sweet difference between costs and revenue!

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