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The firm is at equilibrium where:

A. Output is maximum

B. Profit is maximum

C. Revenues are maximum

D. Profit is minimum

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

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  1. Which describes a competitive market?
  2. Liquidity of Preference Theory was introduced by:
  3. The modern cost curves are based upon the idea of:
  4. A firm is a sum of persons who convert:
  5. Utility is:
  6. With which of the following concepts is the name of J.M.Keynes particularly associated?
  7. Of the following commodities, which has the lowest price-elasticity of demand?
  8. Rational economic behavior on the part of the consumer means that he will:
  9. Gold is bought and sold in a:
  10. According to Leontief technology, there:
  11. An economic theory is :
  12. In Revealed Preference Theory, a consumer reveals preference for bundle of:
  13. Inputs or Factors of production are defined as:
  14. Law of variable proportions is based on the assumption of:
  15. In centralized cartel, the firms are like:
  16. The products, under monopolistic competition are differentiated, yet they are:
  17. Whish of the following represents the average revenue curve of a firm?
  18. Pure monopoly exists:
  19. According to Cobb-Douglas, in production function the marginal product of labor is:
  20. The number of sellers in duopoly is:
  21. Consumers Surplus can also be defined as:
  22. The income effect means that consumer purchase more when:
  23. Which of the following is not characteristic of perfect competition?
  24. The number of sellers in oligopoly are:
  25. In case of short-run, the supply curve of an industry is the horizontal summation of:
  26. If a consumer buys a product that costs Rs.3 and provides an additional 18 units of satisfaction, then…
  27. According to law of Equi-Marginal Utility when price of commodity falls then we bought:
  28. The slope of marshallian demand curve is:
  29. Price effect occurs on the higher IC in case of:
  30. Under perfect competition, a firm will be in equilibrium if: