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 sub-normal profits.
✓

Answer

Sub-normal profits or losses occur 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

Give the properties of quartiles.
→
Name the steps for constructing cost of living index number.
→
Which average would be suitable in the following cases?
In case of open-ended frequency distribution.
→
Mention the properties of quartile deviation.
→
What is classification of data? What should be its characteristics?
→
Give the other name of 'Ogive'.
→
What is production?
→
Define marginal utility.
→
As output increases, AC tends to be closer to AVC. Why?
→
State and illustrate mathematical properties of median.
→