Question
Under perfect competition, the long-run equilibrium of
the firm is established atSolution
“In the long-run, firms are in equilibrium when they have adjusted their plant so as to produce at the minimum point of their long-run AC curve, which is tangent (at this point) to the demand (AR) curve defined by the market price” so that they earn normal profits.
If C + D means C is the mother of D, C – D means C is the father of D, C x D means C is the brother of D, and C ÷ D means C is the sister of D. If ...
If S is the sister of R, then which of the following will fit in the blank, respectively?
U _ H < S _ G > R
A # B' means 'A is the father of B'. 'A @ B' means 'A is the husband of B'. 'A & B' means 'A is the daughter-in-law of B'. 'A $ B' means 'A is the of si...
If A ÷ B means that A is the brother of B, A × B means that A is the sister of B, A – B means that A is the father of B then which of the following ...
If K’s wife is grandmother of O then which of the following is true?
Read the given information carefully and answer the question that follows.
‘B $ C’ means ‘B is the father of C’.
‘B & C’ means...
If ‘A % B’ means ‘A is the daughter of B’, ‘A & B’ means ‘A is the wife of B’, and ‘A # B’ means ‘A is the son of B’, then how i...
P + Q means ‘P is the brother of Q’, P - Q means ‘P is the daughter of Q’, P ÷ Q means ‘P is the husband of Q’, P × Q means ‘P is the so...
Statements: T ≥ S > H = O, R ≥ M > H
Conclusions : I. S > M II. R > O
If 'A@B' means 'A is father of B', 'A#B' means 'A is wife of B', 'A$B' means 'A is sister of B', 'A%B' means 'A is brother of B'. If 'R @ S $ T # V @ U ...
