Class XII

What happens to AR when MR is increasing
  1. Decreases and remain positive
  2. Decreases and becomes negative
  3. Decreases at increasing rate
  4. Decreases at decreasing rate
TFC is not zero at zero level of output as
  1. There is an employment of fixed factors at zero level of output
  2. It can never be negative
  3. There are no fixed factors at zero level of output
  4. There cannot be any employment of fixed factors at zero level of output
What happens to total revenue when Marginal revenue is zero
  1. TR is maximum and constant
  2. TR falls
  3. TR rises
  4. TR is also zero
The situation of ‘abnormal profits’ arise for a firm when
  1. MC is less than MR
  2. MR=MC=0
  3. MR is greater than MC
  4. MR=MC
TVC curve starts from origin as
  1. TVC is vertical curve from origin
  2. TVC slopes upward from the origin at higher level of output
  3. TVC is zero at zero level of output
  4. TVC is horizontal
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