Total profit is maximum when

Related MCQs

• A perfectly competitive firm gets only normal profit when
• Zero economic profit arises in the long run in the case of
• Zero economic profit includes
• Under monopolistic competition, super normal profit arise when
• Which of the following condition are met in the long run equilibrium of the monopolistic competitor earning only normal profit
• In long run the monopolist can earn abnormal profit because of
• Let labour is the only variable input, a monopsonist maximizes his or her profit when
• A profit maximizing firm under a perfectly competitive market employs more and more variable input labour until
• Total profits are maximized where
• Consumer surplus will be maximum in the case of