Download App

Production and cost — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsProduction and cost3 Marks
Question
When total revenue is maximum, marginal revenue is also maximum.
✓

Answer

It is false. Total revenue is maximum when marginal revenue is zero.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "3 Marks Question" from Production and cost→Production and cost — all question types→Economics STD 11 Commerce question papers→CBSE Board STD 11 Commerce question papers→CBSE Board question paper generator→

Similar questions

Explain any two factors that cause a shift of supply curve.
→
Supply.
→
Can there be a positive level of output that a profit-maximising firm produces in a competitive market at which market price is not equal to marginal cost? Give an explanation.
→
Can a production possibility curve be a straight line? Explain.
→
Explain the chain of effects of 'increase' in demand of a good.
→
What is the price elasticity of supply, when:
  1. Supply curve passes through the origin.
  2. Supply curve is a vertical straight line.
  3. Supply curve is a horizontal straight line.
→
A consumer has ₹ 40 and both goods X and Y are priced at ₹ 20 and are available in integer units. (a) Give the bundles that this consumer can afford (b) give the bundles that cost exactly ₹ 40.
→
An individual is both the owner and the manager of a shop taken on rent. Identify implicit cost and explicit cost from this information. Explain.
→
If a consumer has monotonic preferences, can she be indifferent between the bundles (10, 8) and (8, 6)?
→
“MC should be rising at the point of Producer's Equilibrium". Comment.
→