When a firm's average revenue is equal to its average cost, it gets ________.
A) Sub normal profit
B) Normal profit
C) Abnormal profit
D) Super profit
Correct Answer:
Verified
Q13: The marginal productivity theory of distribution is
Q14: Who has contributed the modem theory of
Q15: Whose name is associated with the "Uncertainty-bearing
Q16: Who has sought to measure Consumer's Surplus
Q17: Which among the following is NOT an
Q19: Given the price, if the cost of
Q20: Under _, price is determined by the
Q21: Standard of living of workers depends upon
Q22: Under Marginal productivity Theory, reward for labour
Q23: The economist Ricardo argued that prices were
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents