A. SMC, LMC
B. SMC above SAVC, LMC above LAC
C. SMC below SAVC, LMC above LAC
D. SMC below SAVC, LMC bellow LAC
A. price is greater than short run average total cost
B. price is between short run average total cost and short run average variable cost
C. price is less than short run average variable cost
D. profit is zero
In the short run a firm will produce zero output if ? Read More »
Costs, Economics Mcqs, Supply And Perfect Competition A. Short run opportunity costs, profit
B. Short run variable costs, profit
C. Short run average variable costs, profit
D. Short run average variable costs, profit run average fixed costs
Short run average total costs are equals to the sum of ____ and _____? Read More »
Costs, Economics Mcqs, Supply And Perfect Competition A. greater than average cost, greater than average cost
B. less than average cost, greater than average cost
C. less than average cost, less than average cost
D. greater than average cost, less than average cost
A. increasing returns to scale
B. decreasing returns to scale
C. constant returns to scale
D. the minimum efficient scale
If a long run average cost curve is falling form left to right this is an example of ? Read More »
Costs, Economics Mcqs, Supply And Perfect Competition A. Buyer power is higher
B. Supplier power is higher
C. Substitute threat is higher
D. Rivalry is lower
If a firm takes over a competitor then, according to porter’s 5 forces model ? Read More »
Costs, Economics Mcqs, Supply And Perfect Competition A. The marginal cost will shift outwards
B. the demand curve will shift inwards
C. The average cost will shift downwards
D. The average variable cost will increase
A. Product
B. Price
C. Place
D. Presence
Which of the following is not one of the four Ps in marketing ? Read More »
Costs, Economics Mcqs, Supply And Perfect Competition A. Demand is perfectly elastic
B. Products are homogeneous
C. Marginal revenue = price
D. The marginal revenue is below the demand curve and diverges
In monopolistic competition ? Read More »
Costs, MCQs / Q&A, Supply And Perfect Competition A. the minimum of their average-total-cost curves
B. all of these answers are correct
C. their efficient scale
D. zero economic profit
E. intersection of marginal cost and marginal revenue
in long-run equilibrium in a competitive market, firms are operating at ? Read More »
Costs, Economics Mcqs, Supply And Perfect Competition