The competitive firm s long run supply curve is the portion of it s – McqOptions

MCQOPTIONS

1.	The competitive firm s long run supply curve is the portion of it s ..curve lies above average total cost.
A.	Marginal cost
B.	Revenue cost
C.	Fixed cost
D.	All of these
Answer» B. Revenue cost

Discussion

No Comment Found

Related MCQs

The famous book on economics An Enquiry into the Nature and Cause of Wealth of Nation was written by
.. principle is closely related to the marginal costs and marginal revenue of economic theory
What effect is working when the price of a good falls and consumers tend to buy it insteadof other goods
Analysis of long run and short run affects of decisions on revenue as well as costs is bas ed on
If the income and substitution effect of a price increase works in the same direction the good whose price has changed is a
.is economic theory used in business whereas .is economics theory used in business and non business organization
means an attempt to determine the factors affecting the demand of a commodity or service and to measure such factors and their influences
When an individual s income falls (while everything else remains the same), his demand for an inferior good:
demand forecasting is prepared by different trade association in order to estimate the demand for particular industries products
a statement in the form of a table that shows the different quantities of a commodity that a firm or a producer offers for sale in the market at different prices.