PN equals average revenue or marginal revenue cure of
...PN equals average revenue or marginal revenue cure of
An imperfect competitive firm
A monopoly
A perfectly competitive firm
A monopolistic competitive firm
Correct answer is C
The figure PN in the diagram is Average revenue or marginal revenue of a perfect market or perfectly competitive firm.
At the maximum point of the total product curve of a firm, marginal revenue is ...
Basic extractive activities are classified as ...
The allocation of goods and services in a free market economy is performed by ...
In the table, the marginal cost when output is two, units is ...
The following methods are used in calculation of National Income EXCEPT ...
A minimum price legislation is also called ...
Into which of these organization would you classify the International Monetary Fund (IMF)? ...
Which of these is a necessary condition for trade by barter? ...