If a firm's revenues just cover all its opportunity costs, then:

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
• Suppose a firm sells its product at a price lower than the opportunity cost of the inputs used to produce it. Which is true?
• If the short-run average variable costs of production for a firm are rising, then this indicates that:
• Decisions made in households, firms, and government are the focus of:
• Implicit costs are:
• Variable costs are:
• Costs incurred only when production occurs are known as:
• If average variable costs fall as output grows:
• In economic theory the costs of a firm