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

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

1 Answer

Answer :

C.Both (a) and (b)
by

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Last Answer : the Marginal Revenue Productivity of a factor becomes equal to its reward.

Equilibrium output is determined by: (1) the equality between total Variable cost and Marginal revenue. (2) the equality betweem Marginal cost and Marginal revenue. (3) the equality between Average cost and Average revenue. (4) the equality between total cost and total revenue.

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Last Answer : the equality betweem Marginal cost and Marginal revenue.

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Last Answer : equality between marginal cost and marginal revenue.

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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Last Answer :  Marginal Revenue = Marginal Cost

In a perfectly competitive market, a firm’s (1) Average Revenue is always equal to Marginal Revenue (2) Marginal Revenue is more than Average Revenue (3) Average Revenue is more than Marginal Revenue (4) Marginal Revenue and Average Revenue are never equal

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Last Answer : Average Revenue is always equal to Marginal Revenue

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 

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Last Answer :  by adding a margin to the average cost

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

The ‘break-even’ point is where (1) marginal revenue equals marginal cost (2) average revenue equals average cost (3) total revenue equals total cost (4) None of the above

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Last Answer : total revenue equals total cost

A firm is in equilibrium when its (1) marginal cost equals the marginal revenue (2) total cost is minimum (3) total revenue is maximum (4) average revenue and marginal revenue are equal

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Last Answer : marginal cost equals the marginal revenue

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Last Answer : average revenue equals average 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

The demand curve shows that price and quantity demanded are - (1) directly related only (2) directly proportional and also directly related (3) inversely proportional and aslo inversely related (4) inversely related only

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