In the short run a firm will produce zero output if ?

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...

For a competitive firm, marginal revenue is ?

A. total revenue divided by the quantity sold B. equal to the quantity of the good sold C. average revenue divided by the quantity sold D. equal to the price of the good sold...

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...

If a competitive firm doubles its output its total revenue ?

A. doubles. B. more than double C. less than doubles. D. cannot be determined because the price of the good may rise or fall...

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...