Profit is maximum when
A). TC and TR curves are parallel
B). MC and MR curves are parallel
C). TC and TR curves cross each other
D). AC and AR curves cross each other
TC and TR curves are parallel
Profit is maximum when TC and TR curves are parallel. Profit becomes maximum irrespective of the market situation, when the difference between total revenue (TR) and total cost (TC) becomes the greatest.
1. Question 2:What is a budget line?
3. Octroi is levied and collected by :
4. Disguised unemployment in India is mainly related to
5. Buffer stocks of foodgrains have helped the Government to
6. Which one of the following is the task of the Planning Commission?
7. Which of the following is at the apex of Industrial Finance in India
8. Question 17:Why does rank correlation coefficient differ from Pearsonian correlation coefficient?
9. Question 5:Distinguish between a centrally planned economy and a market economy.
10. Question 8:Histogram and column diagram are the same method of presentation of data (True/False).