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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

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Suggested Answer: A

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

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Fausto
12 days ago
Wait, wait, wait. Are we sure this isn't a trick question? What if the answer is actually 'E) All of the above'? Gotta keep those options open, people!
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Portia
14 days ago
You know, I was leaning towards A, but now I'm not so sure. Minimum average total cost? That sounds a bit too much like cost-cutting to me. I want to maximize, not minimize!
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Elli
19 days ago
Come on, guys, it's obviously B. Average revenue at the max? That's where the money's at! Profit is all about maximizing those revenues, am I right?
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Mozell
1 months 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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Toshia
3 days ago
I think option D is a good choice too. Keeping variable costs low is key.
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Nobuko
8 days ago
True, but focusing on the difference between average revenue and average variable cost can help ensure profitability.
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Eliseo
10 days ago
But what about option A? Minimizing average total cost could also lead to maximizing profits.
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Kattie
23 days ago
I think option D is a good choice too. Keeping variable costs low is important for maximizing profits.
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My
2 months 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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Alex
1 months ago
Yeah, maximizing that difference between costs and revenue is key for maximizing profits.
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Susy
1 months ago
I think option C is the best choice too. Gotta make sure that difference is as big as possible.
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Shawn
2 months ago
But what about option B) average revenue is at a maximum? Shouldn't we focus on increasing revenue instead?
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Cory
2 months ago
I agree with Fidelia, because minimizing costs will help maximize profits.
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Fidelia
2 months ago
I think the answer is A) average total cost is at a minimum.
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