For an individual firm operating in a competitive market, marginal revenue equals Question 13 options: a) average revenue and the price for all levels of output. b) average revenue, which is greater than the price for all levels of output. c) average revenue, the price, and marginal cost for all levels of output. d) marginal cost, which is greater than average revenue for all levels of output.

Suppose someone wants to sell a piece of land for cash. the selling of a piece of land represents turning econ

How will firms solve the problem of an economic surplus a. decrease prices to the market equilibrium price b. decrease prices so they are below the market equilibrium price c. increase prices

Abc factory produces 24,000 units. the cost sheet gives the following information: direct materials rs. 1,20,000direct labour rs. 84,000variable overheads rs. 48,000semi variable overheads rs. 28,000fixed overheads rs. 80,000total cost rs. 3,60,000presently the product is sold at rs. 20 per unit. the management proposes to increase the production by 3,000 units for sales in the foreign market . it is estimated that semi variable overheads will increase by rs. 1,000. but the product will be sold at rs. 14 per unit in the foreign market. however, no additional capital expenditure will be incurredq-1. what is present profit of the company ? q-2. what is proposed profit of the company in new market? q-3.what is suggestion for new makret proposal whether proposal accept or not