A competitive firm will maximise profits at the output where

Industrial Engineering Mcqs
BILAL KHATTAK0

A.the difference between price and marginal cost is highest
B.the difference between marginal revenue and price is highest
C.price is higher than the average total cost by the largest possible amount
D.the excess of total revenue over the total cost is greatest.

Related Mcqs:

  1. In the short run, the competitive firm can maximise its profits (or minimise its losses) by
  2. In the long run equilibrium of a competitive firm, which one of the following will not hold true?
  3. In the short run, in cannot produce at an economic profit
  4. A monopolist makes maximum profits when
  5. Average fixed cost
  6. Which of the following statement is correct?
  7. Select the correct expression
  8. Which one of the following pairs is correctly matched?
  9. Closing stock is generally valued at______________??
  10. As the carbon-hydrogen ration of the fuel increases.

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