If a more efficient technology was discovered by a firm, there would be:

Related MCQs

• Which would be an implicit cost for a firm? The cost:
• When a firm doubles its inputs and finds that its output has more than doubled, this is known as:
• If a firm’s average cost is Rs.32 at 6 units of output and Rs.34 at 7 unit, which one among the following is the marginal cost of producing the 7th unit
• Inventories are unsold goods produced by a firm, then why do they are included in GDP?
• If a firm's revenues just cover all its opportunity costs, then:
• Suppose a firm sells its product at a price lower than the opportunity cost of the inputs used to produce it. Which is true?
• With fixed costs of Rs. 400, a firm has average total costs of Rs. 3 and average variable costs of Rs. 2.50. Its output is:
• The reason the marginal cost curve eventually increases as output increases for the typical firm is because:
• If the short-run average variable costs of production for a firm are rising, then this indicates that:
• A firm encountering economies of scale over some range of output will have a: