Profit Maximisation Condition for a Firm

Q.

A batsman is to be selected for a cricket team.The choice is between X and Y on the basis of their scores in five previous scores which are

$\begin{array}{cccccc}X& 25& 85& 40& 80& 120\\ Y& 50& 70& 65& 45& 80\end{array}$

Which batsman should be selected if we want,

(i) a higher run getter, or

(ii) a more reliable batsman in the team?

Q. A perfectly competitive firm has the following cost schedule

Output (units)	0	1	2	3	4	5	6	7	8	9	10
MC(Rs.)	-	11	10	9	8	7	6	7	10	13	19
TC(Rs.)	9	20	30	39	47	54	60	67	77	90	109

If the market price is Rs. 13, to maximize profits the firm should produce ___________.

1. 8 units
2. 6 units
3. 7 units
4. 9 units