Question

5. When MR is positive, TR is______
(a) Rises
(b) Falls
(c) Remains constant
(d) None of the above
6. TC curve is_______
shaped starting from______
(a) Inverse - S, origin
(b) Inverse - S, total fixed cost level.
(c) Straight line, average fixed lost level.
(d) Straight line, total fixed cost level.
shaped
7. MC Curve is______shaped.
(a) L-shaped
(b) Straight line
(c) U-shaped
(d) Inverse S - Shaped.
distance between TVC and TC is
8. The_________distance between TVC and TC is______
(a) Vertical, TFC
(b) Horizontal, TFC
(c) Horizontal, AFC
(d) Vertical, AFC.
9. How many costs exist in the Cheert run?
(a) 1
(b) 3
(c) 2
(d) 7​

Answer 1

Answer:

5 . falls 6. invese S - shaped 7. Lshaped 8. horizontal TFC 9. 7