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Statement b is correct. If AR is less than AVC, then each unit of output has a revenue below its variable cost. In turn, total revenue is less than total variable cost, so the firm's loss would equal the gap between its total revenue and its total variable cost plus its total fixed cost. If the firm instead shut down and produced nothing, it would have a zero total revenue, and it would buy no variable inputs and so have a zero total variable cost. So its loss would only equal its total fixed cost.
When one buyer and larger number of sellers, the market condition is known as
Which hormone can be used to break dormancy of seed?
What is the cause of the "Little leaf" disorder in cotton?
Light intensity at which photosynthesis and respiration are equal is known as:
If azolla is grown in rice field along with rice crop, then how much nitrogen is fixed byazolla in rice field ?
Late blight and early blight of tomato is caused by which organism?
Which of the following is the principal storage material in bacteria ?
For the farm area of 40 ha. followed under a single cropping pattern, the suitable size of tractor is __ ?
It is the tendency of some crops to absorb and accumulate nutrients far in excess of their actual needs if it is present in sufficiently large quantitie...
How much boron concentration (mg/kg) is unsafe for plant growth?