_________ are short run cost.
AC
MC
TC
All the above
If marginal cost is positive and falling
Total cost is falling
Total cost is increasing at a falling rate
Total cost is falling at a falling rate
Total cost is increasing at an increasing rate
The profit per sale is a measure of
Cash Flow
Profitability
Feasibility
Liquidity
If all the units of the product are sold at the same price average revenue will be __________ marginal revenue.
Equal to
More than
Lesser than
More or lesser than
If the marginal revenue is less than the marginal cost than to profit maximum a firm should:
Reduce Output
Increase Output
Leave output where it is
Increase Costs
If marginal product is below average product:
The total product will fall
The average product will fall
Average variable costs will fall
Total revenue will fall
Average fixed cost is
Never becomes zero
Curve never touches x - axis
Curve never touches y - axis
_________ cannot be changed in the short period .
Fixed Cost
Production Cost
Total Cost
Variable Cost
If total revenue is divided by the units sold, we shall get
Total Revenue
Average Revenue
Marginal Revenue
Total Profit
Revenue received from the sale of additional unit is termed as
Profit
