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When total revenues equal to total opportunity cost then the firm will earn:

A. Abnormal profit

B. Zero profit

C. Normal profit

D. Negative profit

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

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  1. According to Saint Thomas Aquinas value is determined by God, but prices by:
  2. In monopoly, the relationship between average revenue and marginal revenue curves is as follows:
  3. The Law of Equi-Marginal Utility refers to:
  4. Who wrote A Contribution to the Theory of Trade Cycle?
  5. If demand is elastic and supply is inelastic then the burden of a tax on the good will be:
  6. The equilibrium conditions, MC = MR = AR = AC, will happen:
  7. In monopolistic competition (also in kinked demand curve model), a firm sells the amount where:
  8. Most of the supply curves with which the average consumer deals are:
  9. The goods sold by firms under monopolistic competition are technological as well as:
  10. In 1776, a famous book An enquiry into the nature and causes of the wealth of nation was written by:
  11. In case of perfect competition, TR curve rises at a:
  12. Price discrimination is possible:
  13. Regarding economic decisions, economics of uncertainty identifies:
  14. Variable cost includes the cost of:
  15. Identify the author of The Principles of political Economy and Taxation:
  16. When a consumer is satisfied with his spending pattern, he is said to be in:
  17. In short run, a firm would remain in business as long as which one of the following of cost is covered?
  18. In case of straight-line isoquant, the factors are not substituted because they are each others:
  19. Even in the long-run equilibrium, the pure monopolist can make abnormal profits because of:
  20. Which of the following is not a U shaped curve:
  21. With firms having cost differences under perfect competition, a firm, which earns normal profit in the…
  22. Under which of the following forms of the market structure does a firm have no control over the price…
  23. The external economies of scale experienced by a firm include the:
  24. Law of Variable Proportions is regarding in:
  25. In a competitive market, price is determined primarily by:
  26. In case of budget line, we get pairs of two goods where consumers income is:
  27. A price is a ratio of exchange between:
  28. An inferior commodity is one whose quantity demand decreases when income of the consumer:
  29. Under monopolistic competition, the products sold by the firms are:
  30. When the level of optimal factor combination is over and more labor is employed with the fixed plant,…