Multiple Choice
Breakeven point means:
A) AR = AC
B) TR = TC
C) No profit, no loss
D) All of the above
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q4: When AC is more than AR, what
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
Q10: There is inverse relation between price and
Q11: When AR = AC, firm is at:<br>A)Supernormal
Q12: Given the supply of a commodity in
Q13: Total profits are maximized where<br>A)TR equals TC<br>B)the
Q14: At the best, or optimum, short-run level