A firm maximizes profit if:

Related MCQs

• A monopolist maximizes profit by producing the quantity at which
• According to Prof Knight, profit is the reward for
• The uncertainty-bearing theory of profit was propounded by
• Profit is also known as
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• Gross profit does NOT include:
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• When a firm’s average revenue is equal to its average cost, it gets ________.
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• The firm is in equilibrium in the factor market when it employs units of labour upto the point where