If the ABC Typing Service is earning a rate of return greater than the return necessary for the business to continue operations, then ?

Related Mcqs:

Which of the following is most likely to be a variable cost for a firm ?

A. The franchiser’s fee that a restaurant must pay to the national restaurant chain B. The payroll taxes that are paid on employee wages. C. The monthly rent on office space that it leased for a year D. The interest payments made on loans....

An industry that realizes such large economies of scale in producing its product that single-firm production of that good or service is most efficient is called ?

A. a fixed cost monopoly B. a natural monopoly C. a government franchise monopoly D. a economies of scale monopoly...

The formula for average variable cost (AVC) is ?

A. DTVC/Dq B. q/TVC C. Dq/DTVC D. TVC/q...

A firm in perfectly competitive industry is producing 50 units, its profit-maximising quantity. Industry price is £2 and total fixed costs and total variable cost are £25 and £40 respectively. The firm’s economic profit is ?

A. £35 B. £15 C. £30 D. £60...

An industry that has a relatively small number of firms that dominate the market is called ?

A. a colluding industry B. a merged industry C. a concentrated industry D. a natural monopoly...