In economic theory the costs of a firm

Related MCQs

• 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:
• Marginal costs and average variable costs are equal when
• If a firm's revenues just cover all its opportunity costs, then:
• If the short-run average variable costs of production for a firm are rising, then this indicates that:
• An Economic model is a statement of relationship among economic ------
• Adam Smith, the father of modern economic theory, defined economics as a subject, which is mainly concerned with the study of nature and causes of generation of ______
• Micro economic theory studies how a free enterprise economy determines:
• The validity of an economic theory is judged by its power to:
• The short run as the term is used in connection with the theory of the firm is a period of time:
• The quantity theory of money is primarily a theory of demand for money is stated by: