Profit is measured by ?
Profit is measured by ? A. Revenue – fixed costs B. Fixed cost + revenue C. Revenue – salesD. Revenue…
Profit is measured by ? A. Revenue – fixed costs B. Fixed cost + revenue C. Revenue – salesD. Revenue…
To maximise sales revenue a firm should produce where ? A. Marginal cost is zero B. Marginal revenue is maximised…
Barriers to entry ? A. Enable abnormal profits to be made in the long runB. Enable losses to be made…
In perfect price discrimination ? A. The demand curve is the marginal cost curveB. The average revenue equals the average…
For a firm operating in two markets and price discriminating the profit maximising condition is ? A. Marginal revenue in…
If marginal revenue equals marginal cost ? A. No profit is being made B. Total revenue equals total costC. Profits…
The total costs are Rs2000 and 10 units are produced. The marginal cost of an 11th unit is Rs1300 Which…
In the short term a firm will produce provided the revenue ? A. covers fixed costsB. covers variable costs C.…
If firms earn normal profits ? A. They will aim to leave the industry B. Other firms will join the…
If the marginal revenue is less than the marginal cost then to profit maximise a firm should ? A. Reduce…