Under perfect competition, for the producer to be in equilibrium: - Vidyadip

MCQ

Under perfect competition, for the producer to be in equilibrium:

A
AR = MR = AC and AC must be rising
B
AR = MR = MC and MC must be falling
✓
AR = MR = MC and MC must be rising
D
AR = MR = and TC must be rising

✓

Answer

Correct option: C.

AR = MR = MC and MC must be rising

(c)

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 "M.C.Q (1 Marks)" 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

Smooth $\text {PPC}$ is based on the assumption that:

Suppose that the demand curve for the $\text{XYZ}$ Co. slopes downward and to the right. We can conclude that:

Which one of the following state ments is a reason for the negative slope of $\text {PPF?}$

A supply curve will shift leftward due to: Hint: When supply of a commodity decreases due to unfavourable changes in factors other than price, it is called 'decrease in supply'. In this situation, supply curve shifts leftward.

If a farmer grows rice and wheat, how will an increase in price of wheat affect the supply curve of rice?

In the short run, when a firm produces zero output, its total cost is equal to:

There are large number of buyers and sellers in: $($Choose the correct alternative$)$

How are the two goods (apples and oranges) related when, as a result of rise in the price of apples, demand for oranges increases?

The number of buyers and sellers in the industry are large, this implies that:

If marginal rate of transformation remains constant, the production possibility curve will be: