Costs , Supply & Perfect Competition Mcqs


Q.  In perfect competition ?

a. The price equals the marginal revenue
b. the price equals the average variable cost
c. the fixed cost equals the variable costs
d. the price equals the total cost


ANSWER: See Answer
 
No explanation is available for this question!
MCQs:  For a competitive firm, marginal revenue is ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  Which of the following market would most closely satisfy the requirements for a competitive market ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  For a perfectly competitive firm ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  In the short run firms in perfect competition will still produce provided ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  In the long run in perfect competition ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  A profit maximizing firm is perfect competition produces where ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  Firms in perfect competition face a?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  Based on the 2010 population survey four of the five most populous countries include ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  ASEAN refers to the ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  Two countries that still rely on the Soviet communist model of development are ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  Which two countries have enjoyed a real per capita growth rate of more than 7% yearly since the 1960s ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  Why has modern economic growth mainly been in western countries ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  More than seventy percent of the population of fast g: owers lives in ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  Korea’s keirestsu-like corporate conglomerates is known as ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  Keiretsu refers to ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  The 1993 World Bank study entitled The East Asian Miracle identifies eight high performing Asian economies. Which of the following is not one of them ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  Based on Mankiw Romer and Weil (1992) with conditional convergence holding fertility rates, education and government spending as a share of GDP constant ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  The bourgeoisie refers to ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  Perestroika in the former Soviet Union refers to ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  Why has the growth of the German and Japanese economies after World War|| not been repeated in LDCs ?
Category: Economics Mcqs,   Published by: teswesm