When a firm’s average revenue is equal to its average cost, it gets ________.

Related MCQs

• Every factor of production gets reward equal to its:
• Every factor of production gets reward equal to:
• The marginal condition for a Pareto-optimal allocation of factors requires that the ________ between labour and capital be equal for all commodities produced by different firms.
• The necessary condition for allocative efficiency is that each commodity be produced in an amount that makes the marginal benefit to society of the last unit produced equal to the marginal cost to society of that last unit. The satisfaction of this condition in a market economy relies on the assumptions of:
• In Pareto welfare economics, Efficiency of the allocation of factors among firms is related to
• A rise in supply and demand in equal proportion will result in:
• The marginal condition for a Pareto-optimal or -efficient distribution of commodities among consumers requires that the MRS between ______ be equal for all consumers.
• Given the price, if the cost of production increases because of higher price of raw materials, the supply
• As for the cost of production of an individual farmer, the rent paid by him
• The cost of one thing in terms of the alternative given up is called: