Home

Join Our Socials

Telegram Group
Join Community
Twitter Group
Pinterest Group
Facebook Group
Subscribe YouTube

What is the correct answer?

4

A firm in a position of equilibrium is supposed to be maximizing:

A. Output

B. Sales

C. Profits

D. None of the above

Correct Answer :

C. Profits


Share this question with your friends
Show all Basics of Economics MCQ

Please do not use chat terms. Example: avoid using "grt" instead of "great".

Submit
Load More..

Related Questions

The cobweb model will convergent when the slope of: In monopolistic competition, the customers are attached with one product… According to Smith, by value we mean the value with respect to use, and… In case of income effect, the level of consumers satisfaction rises when: In cournot model firms: When a consumer is in equilibrium then slope of indifference curve is: Some farm land can be used to produce either corn or soybeans. If the… Stable cobweb model is a: Revealed Preference Theory was presented by: If the demand for good is more elastic and government levied a tax per… A firm can never produce in the middle area of input space, in case of: According to Chamberlin, the activity of a monopolistic competitive firm: Profits of a firm will be calculated taking into account the units produced… Elasticity (E) expressed by the term, 8 >E>1, is: In discriminating monopoly (price discrimination), the elasticity of demand… Change in demand refers to: In non-constant sum game (non-zero sum game), if there are two parties… Theory of revealed preference is based on: Under the law of variable proportions, the average and the marginal product… All of the following are capital resources except: If the marginal utility is divided by the price of the commodity then… At the shut-down point in perfect competition: Supply of commodity is a: The cost of production is faced by a: Isocost line shows the combinations of labor and capital where a firms… Variable costs refer to: Diseconomies of management lead to: Elasticity of supply means change in supply due to change in: In modern theory, LAC = LMC after the attainment of: When total revenue (TR) falls in monopoly then elasticity of demand is:

Also checkout

Computer Fundamental MCQ Indian Polity & Economy MCQ Fact MCQ Compound Interest MCQ Chemical Engineering Plant Economics MCQ Problems on Trains MCQ Order & Ranking MCQ Ratio and Proportion MCQ Phylum - Echinodermata MCQ Urologic problems in pregnancy MCQ Morphology of flowering plants MCQ Thermodynamics MCQ