The average revenue curve of a firm in a perfect market i...
The average revenue curve of a firm in a perfect market is the same as the
Supply curve of the firm
Average cost curve of the firm
Demand curve of the firm
Total revenue curve of the firm
Correct answer is C
The average revenue curve of a firm in a perfect market is the same as the demand curve of the firm. This is because in a perfect market, the firm is a price taker, meaning that they cannot influence the market price. As a result, the firm's demand curve is also the market demand curve, and the average revenue curve is equal to the demand curve.
Which of the following strategies will provide more employment opportunities for Nigerians ...
When total utility is constant, it means marginal utility is ...
Budget deficit is the amount by which ...
The most threatening problem for the less developed countries is? ...
Total revenue is always equal to ...
Which of the following is a measure of central tendency? ...
Which of the following is NOT an internal dis-economy of scales? ...
A minimum price legislation is also called ...
Unemployment resulting from physical or mental deficiency is known as………&hellip...