The firms long run output decision will be 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...

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...

In perfect competition ?

A. Short run abnormal profits are completed away by firms leaving the industry B. Short run abnormal profits are competed away by firms entering the industry C. Short run abnormal profits are competed away by the government D. Short run abnormal profits are competed away by greater advertising...

In perfect competition ?

A. A few firms dominate the industry B. Firms are price makers C. There are many buyers but few sellers D. There are many buyers and sellers...

Which of the following is not one of the four Ps in marketing ?

A. Product B. Price C. Place D. Presence...