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Question Practice

What does it mean if a firm's total revenue is maximized?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Economics
Introductory Microeconomics
The Theory Of The Firm Under P...
Question Bank

What does it mean if a firm's ...

Single Answer MCQ
Q-00089504

What does it mean if a firm's total revenue is maximized?

1

MR = 0

2

Price exceeds marginal cost

3

MC equals average cost

4

Total cost is minimized

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