Download App

MICROECONOMICS CH : 10 PRODUCER'S EQUILIBRIUM — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsMICROECONOMICS CH : 10 PRODUCER'S EQUILIBRIUM1 Mark
Question
Define normal profits.
✓

Answer

Profits are said to be normal when: TR=TC or AR = AC.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "1 Marks Question" from MICROECONOMICS CH : 10 PRODUCER'S EQUILIBRIUM→MICROECONOMICS CH : 10 PRODUCER'S EQUILIBRIUM — all question types→Economics STD 11 Commerce question papers→CBSE Board STD 11 Commerce question papers→CBSE Board question paper generator→

Similar questions

State the widely used index numbers.
→
Some old/discarded paintings of an artist which are not in demand today.(scarce, not scarce)
→
In a town, 25% of the persons earned more than ₹ 45,000 whereas 75% earned more than 18,000. Calculate the absolute and relative values of dispersion.
→
Who is a producer?
→
Classify the following as fixed cost and variable cost:
Excise duty paid by the company.
→
State one example of positive economics.
→
What is variance?
→
If mode and median are 63 and 67 respectively, calculate arithmetic mean.
→
What are the objectives of diagrammatic presentation?
→
Define monotonic preferences of the consumer.
→