firm's marginal revenue A.is always negative B.can be positive C.is always positive D.is zero at point at which the total revenue is maximum

firm's marginal revenue
A.is always negative
B.can be positive
C.is always positive
D.is zero at point at which the total revenue is maximum
by

1 Answer

Answer :

D.is zero at point at which the total revenue is maximum
by

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In equilibrium, a perfectly competitive firm will equate - (1) marginal social cost with marginal social benefit (2) market supply with market demand (3) marginal profit with marginal cost (4) marginal revenue with marginal cost

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Average Revenue means - (1) the revenue per unit of commodity sold (2) the revenue from all commodities sold (3) the profit realised from the marginal unit sold (4) the profit realised by sale of all commodities

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The marginal revenue of a monopolist is: (1) more than price (2) equal to price (3) less than price (4) less than marginal cost

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In pure monopoly, what is the relation between the price and the marginal revenue? a. the price is greater than the marginal revenue b. the price is less than the marginal revenue c. there is no relation d. they are equal

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Last Answer : a. the price is greater than the marginal revenue

3. The demand for labor is the same as the a. marginal revenue product b. marginal physical product c. marginal cost d. wage

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Last Answer : a. marginal revenue product

Demand curve is related to A.MU curve B.Marginal revenue C.Both (a) and (b)

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The relationship between elasticity of demand (e), Average Revenue (AR) and Marginal Revenue (MR) is shown by which of the following formula ? (a) e = MR / (AR – MR) (b) e = AR/MR (c) e = MR/AR (d) e = AR / (AR – MR)

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Last Answer : (d) e = AR / (AR – MR)

If the average revenue is a horizontal straight line, marginal revenue will be (1) U shaped (2) Kinked (3) Identical with average revenue (4) L shaped

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Last Answer :  Identical with average revenue 

The equilibrium of a firm under perfect competition will be determined when (1) Marginal Revenue > Average Cost (2) Marginal Revenue > Average Revenue (3) Marginal Revenue = Marginal Cost (4) Marginal Cost > Average Cost

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Exploitation of labour is said to exist when (1) Wage = Marginal Revenue Product (2) Wage < Marginal Revenue Product (3) Wage > Marginal Revenue Product (4) Marginal Revenue Product = 0

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Last Answer : Wage < Marginal Revenue Product

The marginal revenue of a monopolist is: (1) more than price (2) equal to price (3) less than price (4) less than marginal cost

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Last Answer : less than price 

Under Perfect Competition (1) Marginal Revenue is less than the Average Revenue (2) Average Revenue is less than the Marginal Revenue (3) Average Revenue is equal to the Marginal Revenue (4) Average Revenue is more than the Marginal Revenue

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Last Answer : Average Revenue is equal to the Marginal Revenue

In equilibrium, a perfectly competitive firm will equate (1) marginal social cost with marginal social benefit (2) market supply with market demand (3) marginal profit with marginal cost (4) marginal revenue with marginal cost

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Last Answer : marginal revenue with marginal cost

Average Revenue means (1) the revenue per unit of commodity sold (2) the revenue from all commodities sold (3) the profit realised from the marginal unit sold (4) the profit realised by sale of all commodities

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Last Answer : the revenue per unit of commodity sold

When the total product rises at an increasing rate, the - (1) marginal product is zero (2) marginal product is rising (3) marginal product is falling (4) marginal product remains constant

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