A. Efficient scale
B. Average efficient scale
C. Maximum efficient scale
D. Minimum efficient scale
A. Short run marginal cost rises, output rises
B. long run marginal cost rises, output rises
C. Short run average cost rises, output rises
D. long run average cost rises, output rises
Decrease returns to scale means that _____ as ______? Read More »
Costs, Economics Mcqs, Supply And Perfect Competition A. output is maximized
B. inputs are minimized
C. there is no way to make a given output using less of one input and no more of the other inputs
D. Costs are minimized
A production is technique is technically efficient if ? Read More »
Costs, Economics Mcqs, Supply And Perfect Competition A. Unique Selling Proposition
B. Underlying Sales Proposition
C. Unit Sales Point
D. Under Sales Procedure
In marketing “USP” stands for ? Read More »
Costs, Economics Mcqs, Supply And Perfect Competition A. Buyer power is high
B. Supplier power is high
C. Entry threat is low
D. Substitute threat is high
A. Demand more price inelastic
B. Supply more price inelastic
C. Demand more income elastic
D. Supply more income elastic
Effective branding will tend to make ? Read More »
Costs, Economics Mcqs, Supply And Perfect Competition A. Marginal revenue = Average revenue
B. Marginal revenue = Marginal cost
C. Marginal revenue = Average cost
D. Marginal revenue = Total cost
In monopolistic competition firms profit maximize where ? Read More »
Costs, Economics Mcqs, Supply And Perfect Competition A. an increase in the number of firms in the market but no increase in the price of the good
B. an increase the price of the good and an increase in the number of firms in the market
C. an increase the price of the good but no increase in the number of firms in the market
D. no impact on either the price of the good or the number of firms in the market
A. downward slog
B. perfectly inelastic
C. upward slog
D. perfectly elastic
A. is always more elastic than the short-run market supply curve.
B. is always perfectly elastic
C. has the same elasticity as the short run market supply curve
D. is always less elastic than the short-run market supply curve
The long-run market supply curve ? Read More »
Costs, Economics Mcqs, Supply And Perfect Competition