Advertisements
Advertisements
प्रश्न
Refer to the diagram given below and choose the incorrect statement.
पर्याय
E is the equilibrium point.
The diagram shows a situation of normal profit.
C is the shut down point.
E is the break even point.
MCQ
Advertisements
उत्तर
C is the shut down point.
Explanation:
In the diagram, E is the equilibrium point since AR (Average Revenue) = MR (Marginal Revenue) equals MC (Marginal Cost), a condition for profit maximisation. The graphic also depicts the normal profit, which is defined as AR = AC. However, the diagram does not include any AVCs. As a result, C cannot be defined as the shutdown point, and E is the break-even point when AR = AC.
shaalaa.com
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
