Cost of advertisement and salesmanship is called:

Related MCQs

• A monopolist produces 14,000 units of output and charges Rs.14 per unit. Its marginal revenue is Rs.8, its marginal cost is Rs.7 and rising, its average total cost is Rs.10, and its average variable cost is Rs.9. The monopolist should
• 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
• A firm under perfect competitions shall be in equilibrium when marginal cost will be equal to marginal revenue and marginal cost curve is still
• If a perfectly competitive firm finds that the profit maximizing output level occurs where price is equal to marginal cost but is less than average variable cost
• The point at which the firm covers its variable cost is called:
• An increase in output in a perfectly competitive and constant cost industry which is in longrun equilibrium will come
• A perfectly competitive firm should reduce output or shut down in the short run if market price is equal to marginal cost and price is
• In the short run, a monopolist will shut down if it is producing a level of output where marginal revenue is equal to short-run marginal cost and price is
• If the Average Total Cost curve of a firm in monopolistic competition happens to be above the demand curve, it means:
• In the long run, a constant cost industry