In the long run under which competition a firm may earn super normal profits?
In Law of negative returns (Third stage of Law of variable proportions)
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If firm ’s average cost curve is falling then marginal curve must be:
Which of the following has the lowest price elasticity of supply?
Product differentiation is the most important feature of:
Relationship between AR, MR and Price elasticity of demand is
In a perfectly competitive firm, MC curve above AVC is the _____ Curve of the firm
Questions like what should be the level of national inc om e, what should be the wage rate fall within the scope of:
Which of the following is not one of the features of capitalist economy?
Which is not the assumption of Indifference curve Analysis?
The horizontal demand curve parallel to x-axis implies that the elasticity of demand is
A firm has variable cost of Rs. 1,000 at 5 units of output. If fixed cost are Rs. 400, what will be the average total cost at 5 units of output?
In case of an inferior good the income elasticity of demand is:
When quantity demanded changes by larger percentage than does price, elasticity is termed as: