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

Related Mcqs:

For a perfectly competitive firm ?

A. Price equals marginal revenue B. price is greater than marginal revenue C. price equals total revenue D. price equals total cost...

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...

A competitive firm produces a level of output at which ?

A. Price is greater than marginal cost B. price equals marginal cost C. price is less than marginal cost D. None of the above...

A grocery store should close at night if the ?

A. variable costs of staying open are less than the total revenue due to staying open. B. total costs of staying open are less than the total revenue due to staying open C. variable costs of staying open are greater than the total revenue due to staying open D. total costs of staying open are … A grocery store should close at night if the ?Read More...

Short run average total costs are equals to the sum of ____ and _____?

A. Short run opportunity costs, profit B. Short run variable costs, profit C. Short run average variable costs, profit D. Short run average variable costs, profit run average fixed costs...