Producer Behavi...

Average cost is derived by

Can MR be negative or zero?

The relationship between AC & MC is

The fixed cost curve is a horizontal straight line to the X axis because

AVC and AFC always lie below AC because

What happens to TR when MR is decreasing but remains positive

What happens to TR when MR is zero

TFC is not zero at zero level of output as

The break- even point is

When TVC is zero at zero level of output, TFC

The relationships between TR and MR when price fall is

TVC curve starts from origin as

The situation of ‘abnormal profits’ arise for a firm when

Variable costs vary with output because

Diagrammatically AC has a U shape. The statement is

The relationships between AR and MR is when price falls is

What happens to TR when MR is increasing

What happens to TR when MR is decreasing and is negative

What happens to AR when MR is increasing

What happens to AR when MR is zero

AVC, AFC & ATC are related in a way that

The situation of ‘normal profits’ arise for a firm when

Explain the relationship TC, TFC & TVC.

Which condition among these is necessary for achieving Producers's equilibrium?

AFC curve never touches ‘x’ axis though it lies very close to x axis because