In the short-run, a competitive firm can earn

Related MCQs

• If price is equal to average cost, in the short-run, the competitive firm can earn
• If price is greater than average cost, in the short-run, the competitive firm can earn
• If price is less than average cost, in the short-run, the competitive firm can earn
• In the long run, a competitive firm can earn
• In the long run, a monopolistically competitive firm earn
• Suppose a competitive firm produces 100 units of X for a price of Rs.10 a unit. The firm is employing labour and capital such that the marginal physical product of labour and capital is 20 and 5 and the prices paid to labour and capital are Rs. 60 and Rs. 40 respectively. How would you characterize the firm
• If an imperfectly competitive firm is producing a level of output where marginal cost is equal to marginal revenue, marginal revenue is below average variable cost, and price is equal to average total cost, then the firm
• In the short run, a monopolistically competitive firm can have
• Price is constant or "given" to the individual firm selling in a purely competitive market because:
• The purely competitive firm's supply curve: