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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.
In the question below some statements are given followed by three conclusions I, II, and III. You have to take the given statements to be true even if...
Statement: All fruits are vegetables
Some vegetables are potatoes
...
Given below are three statements and three conclusions. Take the statements to be true even if they are at variance with commonly known facts, and decid...
Statements:
Some rivers are oceans.
All oceans are beaches.
Conclusions:
I. Some rivers are beaches.
II. All ocea...
Statements :
Some mats are bedsheets.
All bedsheets are chairs.
Some chairs are desks.
Conclusions :
Conclusions:
I. No Consumption is a Usage.
II. Some Consumers are not Consumptions.
Statements:
Statement:
Some doors are tables
Only tables are benches
Only a few tables are windows
No door is clock
Conclusion:
Statements:
Only a few brown are blue.
Only blue is black.
Some blue are pink.
Conclusions:
I. Some pink are black.
Statements: All numbers are alphabets.
All alphabets are vowel.
No vowel is digit.
Conclusions:I. No number is digit.
II. No...
In the question below three statements are given followed by two conclusions. You have to take the given statements to be true even if they seem to be ...
