Multiple Choice
When AC is more than AR, what is the firm doing?
A) Making supernormal profit
B) Incurring loss
C) Having breakeven point
D) Minimising losses
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q1: A firm is able to sell any
Q2: The best, or optimum, level of output
Q3: If P exceeds AVC but is smaller
Q5: When AR passes through some point between
Q6: Demand curve of a firm is perfectly
Q7: Homogenous product means products are:<br>A)Similar<br>B)Close substitutes<br>C)Quite alike<br>D)None
Q8: Which of the following industries most closely
Q9: Breakeven point means:<br>A)AR = AC<br>B)TR = TC<br>C)No
Q10: There is inverse relation between price and
Q11: When AR = AC, firm is at:<br>A)Supernormal