Why there is difference between ATC and AVC with an increase in level of of output ? Can these two be equal at the same level of output ?
6 mark question
1)what is meant by producer's equilibrium ? when will a producer be in equilibrium in case of losses
2)show that a perfectly competitive firm maximises its profit only when price =mc.
3)why should mc curve be rising in a situation of producer's equilibrium?
4) for a firm under perfect competiton , profits are not maximised even when mr mc . explain why.
What are the total fixed cost, total variable cost and total cost of a firm? How are they related?
Giving reasons state the following statements whether true or false:-
(i) When there are diminishing returns to a factor total product always decreases
(ii) Total product will increase only when marginal product increases
(iii) Increase in total product always indicate that there are increasing reaturns to a factor
(iv) When there are diminishing returns to a factor, both always falls.
does supply of a good depend on price of related goods?if yes,then how? please give a graph
what do you mean by the rational producer?????????
Which factor leads to shift of PPC?
What causes a downward movement along a supply curve of a commodity?
please give me graphical representation of returns to scale.
Why does the SMC curve cut the AVC curve at the minimum point of the AVC curve?
Explain the likely behaviour of total product and marginal product when only one input is increased while all other inputs are kept unchanged.
can a PPC show a convex curve? explain?
Explain the relationship between TC,TVC ,TFC?
Why rising portion of MC curve is supply curve of firm??
Why there is difference between ATC and AVC with an increase in level of of output ? Can these two be equal at the same level of output ?
6 mark question
1)what is meant by producer's equilibrium ? when will a producer be in equilibrium in case of losses
2)show that a perfectly competitive firm maximises its profit only when price =mc.
3)why should mc curve be rising in a situation of producer's equilibrium?
4) for a firm under perfect competiton , profits are not maximised even when mr mc . explain why.
What are the total fixed cost, total variable cost and total cost of a firm? How are they related?
Giving reasons state the following statements whether true or false:-
(i) When there are diminishing returns to a factor total product always decreases
(ii) Total product will increase only when marginal product increases
(iii) Increase in total product always indicate that there are increasing reaturns to a factor
(iv) When there are diminishing returns to a factor, both always falls.
does supply of a good depend on price of related goods?
if yes,then how? please give a graph
what do you mean by the rational producer?????????
Which factor leads to shift of PPC?
What causes a downward movement along a supply curve of a commodity?
please give me graphical representation of returns to scale.
Why does the SMC curve cut the AVC curve at the minimum point of the AVC curve?
Explain the likely behaviour of total product and marginal product when only one input is increased while all other inputs are kept unchanged.
can a PPC show a convex curve? explain?
Explain the relationship between TC,TVC ,TFC?
Why rising portion of MC curve is supply curve of firm??