If a firm is operating at any point inside the PPF, the firm is

Related MCQs

• Any point beyond PPF is
• Any point beyond PPF curve can be attained by
• If an economy is working at a point left to PPF curve it shows that………
• Which of these statement is true about production possibility curve (PPC/PPF)
• Curvature of PPF is due to………
• PPF is negative sloped due to
• A supply curve passing through any point on X axis(quantity) will have elasticity
• Supply curve passing through any point on Y axis(Price) will have elasticity
• If a firm shut down at a level when AVC > Price, the firm restricts its losses to
• In a pure monopoly firm a firm can make abnormal profit at the long run equilibrium level due to