Cost and Revenu...

Profit =

Money receipts of a producer from the sale of his total output is called:

Under perfect competition, MR is a:

Under perfect competition, AR is:

Under monopoly, MR curve is:

When MR is zero, TR is:

When AR is decreasing:

Declining AR implies:

Firm’s AR curve is perfectly elastic under:

Demand curve under monopolistic competition is:

When profit of a firm is ₹ 270 and the cost incurred is ₹ 900, revenue receipts of that firm will be:

When price of a commodity is ₹ 30 per unit and 5 units of that commodity is sold by the firm in the market, total revenue in this case will be:

If first unit of a commodity is sold at a price of ₹ 20 and marginal revenue from second unit is ₹ 16, then TR of the firm would be: