In finding equilibrium position of a profit maximising firm, which technique is most convenient?
A. | Demand and supply technique |
B. | Marginal revenue and marginal cost technique |
C. | Total revenue and total cost technique |
D. | None of these |
Option: B Explanation : Click on Discuss to view users comments. |
MU curve will be below X-axis when
A. | MU is zero |
B. | MU is negative |
C. | MU is positive |
D. | MU is constant |
Option: B Explanation : Click on Discuss to view users comments. |
When the APL is positive but declining, the MPL could be
A. | Negative |
B. | Zero |
C. | Declining |
D. | Any of the above |
Option: D Explanation : Click on Discuss to view users comments. |