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CBSE - XII Commerce - Microeconomics - The Theory of the Firm under Perfect Competition
What is producer’s equilibrium?
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25th April 2016,
2:51 PM
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
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
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
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
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
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
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
CBSE - XII Commerce - Microeconomics - The Theory of the Firm under Perfect Competition
What is total revenue?
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25th April 2016,
2:51 PM
CBSE - XII Commerce - Microeconomics - The Theory of the Firm under Perfect Competition
What is revenue? What is the difference between revenue and profit?
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25th April 2016,
2:51 PM
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
