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To attain maximum profits during short-run a firm should produce the output that will:

A. Yield maximum total revenue

B. Minimize marginal cost

C. Maximize marginal cost

D. Equate marginal revenue with marginal cost

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

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  1. Opportunity costs are also known as:
  2. Elasticity of supply means change in supply due to change in:
  3. Increase in demand occurs when:
  4. AR curve under perfect competition:
  5. The external economies of scale experienced by a firm include the:
  6. In non-collusive oligopoly firms enter into:
  7. A normal profit is:
  8. Under price discrimination, the buyers must:
  9. LMC represents change in LTC (long-run total cost) due to producing an additional unit of a good while…
  10. Change in demand refers to:
  11. Iso-product curve (isoquant) shows:
  12. In case of budget line, we get pairs of two goods where consumers income is:
  13. Of the following, which one is a characteristic of monopolistic competition?
  14. The modern cost curves are based upon the idea of:
  15. The normal long-run average cost curve is influenced by the:
  16. The imaginary differentiation is attributed to difference in:
  17. A monopolist will fix the equilibrium output of his product where the elasticity of his average revenue…
  18. Demand is elastic when the coefficient of elasticity is:
  19. The line from the origin to a point on an isoquant shows:
  20. Change in quantity demanded refers to:
  21. Identify the economist who first developed the theory of income determination in its modern form:
  22. One way the government can induce a monopolist to expand his output is by imposing:
  23. Identify the author of The Affluent Society?
  24. Abstinence or Waiting theory of Interest was presented by:
  25. Identify the author of The Social Framework:
  26. Which describes a competitive market?
  27. The greater the percentage of income spent on a commodity:
  28. When in a market, the number of buyers is very large and the number of sellers is very small, it is…
  29. The least cost combination of factors x , y and z will generally be the point at which:
  30. The Strategy of Economic Development is the work of: