The firm is said to be in equilibrium when the difference between revenue and cost is:

A. Maximum

B. Minimum

C. Zero

D. One

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

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  1. The Prisoners Dilemma was presented by A.W.Tucker in:
  2. Labor Saving Technological Progress can be defined as:
  3. If cross-elasticity of one commodity for another turns out to be zero, it means they are:
  4. Elasticity (E) expressed by the term, 1>E>0, is:
  5. The Lambda or Langrange Multiplier is a:
  6. The longer the period of time, the elasticity of supply will be:
  7. Price discrimination occurs when:
  8. With the expansion of output, the short run average cost curve, beyond a point, starts rising because:
  9. In the modern theory of costs, the level of production which the firm considers feasible is known as:
  10. A vertical supply curve parallel to the price axis implies that the elasticity of supply is:
  11. According to critics, the assumption of costless production is:
  12. Government planners play a central role in allocating resources:
  13. If the price of product increases and in the result the demand for product B also increases then:
  14. Supply of a commodity refers to:
  15. A firm can never produce in the middle area of input space, in case of:
  16. Income distribution effects:
  17. To attain maximum profits during short-run a firm should produce the output that will:
  18. Marginal utility equals:
  19. The market demand for any commodity is the:
  20. The reaction curve of a firm is attained by joining the:
  21. Gold is bought and sold in a:
  22. Nash equilibrium is applicable in case of:
  23. At the point where the straight line from the origin is tangent to the TC curve, AC is:
  24. The cost of production is faced by a:
  25. According to Chamberline, in monopolistic competition, differentiation is determined by:
  26. Which of the following is not a U shaped curve:
  27. An effective price ceiling usually results in:
  28. Competitors in monopolistic competition have full control over:
  29. An increase in the supply of a commodity is caused by:
  30. In dominant price leadership model, the dominant firm set the: