305) A profit-maximizing perfect competitor is setting an output of 100 per day and is making a profit. Which of the following statements is false?
Answer is:
Its total cost will equal its AVC at an output of 100 a day multiplied by 100
Related Micro Economics MCQ (GK Set-1) with Answers
Answer is:
If, at an output of 100 a day, its AVC would be above Rs.10
Answer is:
The part of the SMC curve above its intersection with the AVC curve
Answer is:
A change in the price of a fixed input
Answer is: