State, with valid reasons, which of the following statement are true or false:
(a) Average Revenue curve under the Perfect Competition is a downward sloping curve.
(b) AFC curve is a rectangular hyperbola curve.
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Answered by
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☆hey!!.☆
☆______☆
(a) False:-
☆____________☆
- Since the firm under Perfect Competition is a price taker AR curve will be a straight line parallel to X-axis.
(b) True:-
☆____________☆
- Since TFC remains unchanged constant.
☆____________________________________☆
☆hope help u!!☆
Answered by
3
(a) Average Revenue curve under the Perfect Competition is a downward sloping curve.
⇒ False
(b) AFC curve is a rectangular hyperbola curve.
⇒ True
samakram:
thnx for accepting my frnd request :)
welcome
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