Home

Join Our Socials

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

What is the correct answer?

4

The firm producing at the minimum point of the AC curve is said to be:

A. Operating under diminishing cost

B. Making optimum use of plant capacity

C. Operating at excess capacity

D. Operating under increasing costs

Correct Answer :

B. Making optimum use of plant capacity


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

In arriving at stable equilibrium in cournot model, if one firm decreases… The slope of indifference curve shows: The model which gives us information about price and output changes in… The output where TC = TR & AC = AR: If the production function is homogeneous, the expansion path will be… Under conditions of perfect competition, price in the long-run is equal… Identify the author of The Affluent Society? Law of Returns to Scale shows: We can write ordinal utility function as: Opportunity costs are also known as: In joint-profit maximization cartel, central agency sets the: Chamberline introduces the concept of: The income consumption curve (ICC) is the locus of points of consumer… We can measure consumers surplus with the help of In the long run average costs curve, a firm can change: The longer the period of time, the elasticity of supply will be: The Law of Equi-Marginal Utility refers to: The vertical distance between TVC and TC is equal to: When a consumer is in equilibrium then slope of indifference curve is: Price leadership is associated with: The number of sellers in oligopoly is: The general form of Cobb-Douglas production function is: In respect of which of the following category of goods is consumers surplus… Marginal cost curve cuts the average cost curve: The Law of Diminishing Marginal Returns can be explained in terms of: Equilibrium of a discriminating monopolist requires the fulfillment of… In repeated game, the Prisoners Dillemma can have a: Which of the following is not a characteristic of a perfectly competitive… Some economists refer to iso-product curves as: According to Saint Thomas Aquinas value is determined by God, but prices…

Also checkout

Analogy MCQ Astronomy MCQ Current Affairs August 2022 MCQ Current Affairs September 2023 MCQ Data Structure MCQ AP Physics MCQ Urinary incontinence MCQ Engineering Materials MCQ Automobile Engineering MCQ Current Affairs October 2022 MCQ Zoology MCQ General Science MCQ