A situation where the firm is not in a position to recover its variable costs at the prevailing prices is known as:

Related MCQs

• Which of the following is not a variable input
• Variable cost per unit
• Assume that the actual deficit is $150 billion with the economy well below potential output and that the level of economic activity rose to its potential level while tax revenues increased by $50 billion and transfer payments fell by $20 billion. Then, what is the structural deficit?
• The horizontal demand curve for a commodity shows that its demand is:
• If the percentage increase in quantity of a commodity demanded is its price, the coefficient of price elasticity of demand is:
• If the quantity of a commodity demanded remains unchanged as its price changes, the coefficient of price elasticity of demand is
• If external debt of country rises faster than its interest obligations, it is a case of:
• Employment of people who take jobs below their capacity is known as
• Macro economic theory is also known as
• Which of the following statements is NOT TRUE of indifference curves?