A. The demand curve is the marginal cost curve
B. The average revenue equals the average cost
C. The marginal cost is the average cost curve
D. The demand curve is the marginal revenue
A. Marginal revenue in A= Price B
B. Marginal revenue in A = Marginal revenue B = Price A = Price B
C. Marginal revenue in A = Marginal revenue B = Marginal cost
D. Marginal revenue in A = Marginal revenue B = Average cost
A. No profit is being made
B. Total revenue equals total cost
C. Profits are maximised
D. Producing another unit would increase profits
A. The average cost increase from Rs20 to Rs30
B. The total costs for 11 units are Rs700
C. The average cost for 10 units is Rs1300
D. The average cost for 11 units is Rs1300
A. covers fixed costs
B. covers variable costs
C. covers total costs
D. covers revenue
A. They will aim to leave the industry
B. Other firms will join the industry
C. The revenue equal total costs
D. No profit is made is accounting terms
A. Reduce output
B. Increase output
C. Leave output where it is:
D. Increase costs
A. Marginal cost is Rs20
B. Average cost rises
C. Variable cost rises by Rs200
D. Average fixed cost was Rs10originally
A. Total cost is falling
B. Total cost is increasing at a falling rate
C. Total cost is falling at a falling rate
D. Total cost is increasing at an increasing rate
A. The Minimum Efficient Scale
B. The Minimum External Scale
C. The Maximum External Scale
D. The Maximum Effective Scale