Which is the first-order condition for the profit of a firm to be maxi – McqOptions

MCQOPTIONS

1.	Which is the first-order condition for the profit of a firm to be maximum??
A.	AC=MR
B.	MC=MR
C.	MR=AR
D.	AC=AR
Answer» C. MR=AR

Discussion

No Comment Found

Related MCQs

Suppose the short run cost function can be written as TC=250 + 10Q. Average fixed cost equals~!
According to Malthus, population increases by progression of which kind?%!
The following are some of the costs of a clothing manufacturer. State which among them will you consider as fixed cost?%!
Which of the following is not a feature of perfect competition?%!
The horizontal demand curve parallel to x-axis implies that the elasticity of demand is%!
Identify the coefficient of price-elasticity of demand when the percentage increase in the quantity of a commodity demanded is smaller than the percentage fall in its price%!
Elinor Ostrom and Oliver Williamson are the Nobel Prize Laureates in Economics in 2009. Do you know in which year was Francois Quesnay's Tableu Economique published?%!
Credit creation power of the commercial banks gets limited by which of the following?%!
Law of demand shows relation between%!
Demand for a commodity refers to a%!