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

Related Mcqs:

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...

In marketing “USP” stands for ?

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

In perfect competition ?

A. The price equals the marginal revenue B. the price equals the average variable cost C. the fixed cost equals the variable costs D. the price equals the total cost...

in long-run equilibrium in a competitive market, firms are operating at ?

A. the minimum of their average-total-cost curves B. all of these answers are correct C. their efficient scale D. zero economic profit E. intersection of marginal cost and marginal revenue...

For a competitive firm, its short run supply curve is ______ and its long run supply curve is _____?

A. SMC, LMC B. SMC above SAVC, LMC above LAC C. SMC below SAVC, LMC above LAC D. SMC below SAVC, LMC bellow LAC...