Home

Join Our Socials

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

What is the correct answer?

4

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

Correct Answer :

B. Marginal revenue and marginal cost technique


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

If the commodity is normal then the Income Effect (I.E) and the Substitution… All of the following are capital resources except: In case of short-run, the supply curve of an industry is the horizontal… Total variable cost curve: The long run total cost is attained by: In Nash Equilibrium: In Edgeworth model, price remains: A demand curve is not related to: We can find total utility by: Marginal utility equals: The ordinary demand curve is also called: Profits of a firm will be calculated taking into account the units produced… With the expansion of output, the short run average cost curve, beyond… Each firm in cournot model can: In finding equilibrium position of a profitmaximizing firm, which technique… In income effect, we: Marginal cost is the cost: In monopolistic competition, because of difference in choices, the firm… The alternative of profit maximization theory is: When the slope of a demand curve is infinite (also known as horizontal… Under the law of variable proportions, the average and the marginal product… If the commodities X and Y are perfect complements then: Price elasticity of demand is best defines as: At a point above the middle of a straight line demand curve, elasticity… Demand for a commodity is elastic when it has Elasticity of supply means change in supply due to change in: Which of the following theories of trade cycle was presented by William… Variable costs refer to: The entry of new firms in cournot model is: Increasing returns imply:

Also checkout

AP Physics MCQ CNA Practice MCQ Decimal Fraction MCQ Engineering Mechanics MCQ Metallurgical Operations MCQ Chemical Engineering Thermodynamics MCQ AP Macroeconomics MCQ Benign urethral conditions MCQ Races and Games MCQ Phylum - Mammalia MCQ Angiosperms (Embryology Life Cycles) MCQ General Biology MCQ