Menagerial economics & policy Mcq's 11) Marginal product is zero when a) TP is at the optimum point b) TP is maximum c) TP is zero d) None of the above 12) MR is less than AR when a) AR and MR are increasing b) MC falls c) AC falls d) AR falls 13) The TC curve and the TVC curve increase parallely due to a) TVC b) TFC c) TC
Subject: Menagerial economics & policy
Mcq's
11) Marginal product is zero when
a) TP is at the optimum point
b) TP is maximum
c) TP is zero
d) None of the above
12) MR is less than AR when
a) AR and MR are increasing
b) MC falls
c) AC falls
d) AR falls
13) The TC curve and the TVC curve increase parallely due to
a) TVC
b) TFC
c) TC
d) None of the above
14) A petroleum industry is an example of
a)
b)
c) oligopoly
d)
15) Which of the following is an example of natural monopoly
a) vegetable markets
b) clothing retail shops
c) natural gas
d) None of the above
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