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Producer Behaviour and Supply Test - 5

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Producer Behaviour and Supply Test - 5
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  • Question 1
    1 / -0

    Minimum return that the producer expects from his capital invested in the business is called:

  • Question 2
    1 / -0

    Difference between TR and TC is maximum when:

  • Question 3
    1 / -0

    Normal profit is a situation when:

  • Question 4
    1 / -0

    TR – TVC is equal to:

  • Question 5
    1 / -0

    Net Profit =

  • Question 6
    1 / -0

    TR < TC is a situation of:

  • Question 7
    1 / -0

    If the firm increases its output even after MR = MC (when MC is rising), then:

  • Question 8
    1 / -0

    If TR = TC = 10, it is a situation of:

  • Question 9
    1 / -0

    The specific amount offered for sale at a specific price of the commodity is called:

  • Question 10
    1 / -0

    Supply schedule of an individual firm in the market is called:

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