The short run marginal cost curve cuts the short run total cost curve and short run average variable cost curve ?

Related Mcqs:

In the short run firms in perfect competition will still produce provided ?

A. The price covers average variable cost B. The price covers variable cost C. The price covers average fixed cost D. The price covers fixed costs...

In Porter’s five force model conditions are more favorable for firms within an industry if ?

A. Buyer power is high B. Supplier power is high C. Entry threat is low D. Substitute threat is high...

In marketing “USP” stands for ?

A. Unique Selling Proposition B. Underlying Sales Proposition C. Unit Sales Point D. Under Sales Procedure...

Which of the following is not a characteristic of a competitive market ?

A. All of these answers are characteristic of a competitive market B. The are many buyers and sellers in the market C. The goods offered for sale are largely the same. D. Firms generate small but positive economic profits in the long run E. Firms can freely enter or exit the market...

If a long run average cost curve is falling form left to right this is an example of ?

A. increasing returns to scale B. decreasing returns to scale C. constant returns to scale D. the minimum efficient scale...