If a competitive firm doubles its output its total revenue ?

Related Mcqs:

Which of the following market would most closely satisfy the requirements for a competitive market ?

A. electricity B. cable television C. cola D. milk E. All of these answers represent competitive markets...

A production is technique is technically efficient if ?

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...

Decrease returns to scale means that _____ as ______?

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...

The competitive firm maximize profit when it produces output up to the point where ?

A. price equals average variable cost B. marginal revenue equals average revenue C. marginal cost equals total revenue D. marginal cost equals marginal revenue...

In the short run, the competitive firm’s supply curve is the portion of the marginal cost curve that lies above the average variable cost curve?

A. Upward-sloping portion of the average total cost curve B. upward-sloping portion of the average variable cost curve C. portion of the marginal cost curve that lies above the average total cost curve. D. entire marginal cost curve. E. portion of the marginal-cost curve that lies above the average variable cost curve...