Please wait...
1800-212-7858 (Toll Free)
9:00am - 8:00pm IST all days

or

Thanks, You will receive a call shortly.
Customer Support

You are very important to us

For any content/service related issues please contact on this toll free number

022-62211530

Mon to Sat - 11 AM to 8 PM

Ask Perfect Competitions And Its Revenue question free ×
  • CBSE×
  • Class 12 Commerce×
  • Microeconomics×
  • The Theory Of The Firm Under Perfect Competition×
  • Perfect Competitions And Its Revenue×

Perfect Competitions And Its Revenue Free Doubts and Solutions

CBSE - XII Commerce - Microeconomics - The Theory of the Firm under Perfect Competition

What is producer’s equilibrium?

Asked by Topperlearning User 25th April 2016, 2:51 PM
Answered by Expert

Answer this question

×
Your answer has been posted successfully!

CBSE - XII Commerce - Microeconomics - The Theory of the Firm under Perfect Competition

Why is that the price must be greater than or equal to AC in the long run?

Asked by Topperlearning User 25th April 2016, 2:51 PM
Answered by Expert

Answer this question

×
Your answer has been posted successfully!

CBSE - XII Commerce - Microeconomics - The Theory of the Firm under Perfect Competition

Find the level of output at which the producer is in equilibrium by using marginal revenue and cost method. Justify the statement. Output Price Total Cost 1 15 12 2 15 21 3 15 29 4 15 36 5 15 45 6 15 60 7 15 76  

Asked by Topperlearning User 25th April 2016, 2:51 PM
Answered by Expert

Answer this question

×
Your answer has been posted successfully!

CBSE - XII Commerce - Microeconomics - The Theory of the Firm under Perfect Competition

What will be the case if the firm increases its output, even when MR is equal to MC?

Asked by Topperlearning User 25th April 2016, 2:51 PM
Answered by Expert

Answer this question

×
Your answer has been posted successfully!

CBSE - XII Commerce - Microeconomics - The Theory of the Firm under Perfect Competition

Why should MC be rising at the point of equilibrium?

Asked by Topperlearning User 25th April 2016, 2:51 PM
Answered by Expert

Answer this question

×
Your answer has been posted successfully!

CBSE - XII Commerce - Microeconomics - The Theory of the Firm under Perfect Competition

What relationship exists between average revenue and marginal revenue?

Asked by Topperlearning User 25th April 2016, 2:51 PM
Answered by Expert

Answer this question

×
Your answer has been posted successfully!

CBSE - XII Commerce - Microeconomics - The Theory of the Firm under Perfect Competition

Define marginal revenue?

Asked by Topperlearning User 25th April 2016, 2:51 PM
Answered by Expert

Answer this question

×
Your answer has been posted successfully!

CBSE - XII Commerce - Microeconomics - The Theory of the Firm under Perfect Competition

What is average revenue and how is it related to price? Explain with a diagram.

Asked by Topperlearning User 25th April 2016, 2:51 PM
Answered by Expert

Answer this question

×
Your answer has been posted successfully!

CBSE - XII Commerce - Microeconomics - The Theory of the Firm under Perfect Competition

What is total revenue?

Asked by Topperlearning User 25th April 2016, 2:51 PM
Answered by Expert

Answer this question

×
Your answer has been posted successfully!

CBSE - XII Commerce - Microeconomics - The Theory of the Firm under Perfect Competition

What is revenue? What is the difference between revenue and profit?

Asked by Topperlearning User 25th April 2016, 2:51 PM
Answered by Expert

Answer this question

×
Your answer has been posted successfully!

CBSE - XII Commerce - Microeconomics - The Theory of the Firm under Perfect Competition

What is a perfectly competitive market?

Asked by Topperlearning User 25th April 2016, 2:51 PM
Answered by Expert

Answer this question

×
Your answer has been posted successfully!