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In finding equilibrium position of a profitmaximizing firm, which technique is most convenient?

A. Total revenue and total cost technique

B. Marginal revenue and marginal cost technique

C. Demand and supply technique

D. None of the above

Related Questions

  1. The long run average cost curve is the envelope of:
  2. In case the two commodities are complements, cross elasticity will be:
  3. Total costs in the short-term (short-run) are classified into fixed costs and variable costs. Which…
  4. In measuring price-elasticity:
  5. Under monopolistic competition, the products sold by the firms are:
  6. MC is given by:
  7. Marginal utility (MU) always:
  8. The Strategy of Economic Development is the work of:
  9. If Marginal Utility (MU) is zero, then total utility is:
  10. According to Leontief technology, there:
  11. In constant sum game (zero sum game), if there are two parties then:
  12. Cross-elasticity of demand or cross-price elasticity between two substitutes will be:
  13. Increasing returns is not caused by:
  14. The general markets results from the imposition of price ceilings has been:
  15. According to Cobb-Douglas, in production function the marginal product of labor is:
  16. Human wants are:
  17. Marginal utility is only meant for:
  18. The Law of Diminishing Marginal Returns can be explained in terms of:
  19. For the given production function, technical inefficiency is defined as:
  20. The giffen paradox is an exception to law of:
  21. When in a market, the number of buyers is very large and the number of sellers is very small, it is…
  22. If the commodity is normal then the Income Effect (I.E) and the Substitution Effect (S.E):
  23. Classical production function is:
  24. If the commodity is normal then price effect is:
  25. The proportionality rule in production requires that the ratios of MP and factor prices are:
  26. A demand curve which is horizontal and parallel to x-axis represents:
  27. The advantage of using indifference curves rather than marginal utilities is:
  28. In real life, brand loyalty is a barrier to:
  29. Marginal cost is the cost:
  30. Equilibrium of a discriminating monopolist requires the fulfillment of which one of the following conditions?

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