Accounting profit is equal to total revenue minus ?

Related Mcqs:

If marginal costs equal average total costs ?

A. average total cost is falling B. average total cost is raising C. average total cost is maximized D. average total cost is minimized...

In the long run, if a very small factory were to expand its scale of operations it is likely that it would initially experience ?

A. an increase in average total costs B. diseconomies of scale C. economies of scale D. constant returns to scale...

Economic profit is equal to total revenue minus ?

A. variable costs B. implicit costs C. explicit costs D. marginal costs...

Which of the following statements is true ?

A. All costs are fixed in the short run. B. All costs are variable in the long run C. All costs are variable in the short run D. All costs are fixed in the long run...

If as the quantity produced increase a production function first exhibits increasing marginal product and later diminishing marginal product, the corresponding marginal-cost curve will ?

A. be flat (horizontal) B. slope upward C. slope downward D. be U-shaped....