Question : APC<1,

Option 1: Before break-even point.

Option 2: At break-even point

Option 3: After break-even point

Option 4: All of the above.

Question : APC>1 

 

Option 1: Before break-even point.

Option 2: At break-even point

Option 3: After break-even point

Option 4: All of the above.

Question : Which of the following statement are true?

1. APC is more than 1 before break-even point.
2. The point at which consumption curve intersect the 45 degree line, APS is zero.

Option 1: Both are true.
 

Option 2: Both are false.
 

Option 3: Statement 1 is true, statement 2 is false.
 

Option 4: Statement 1 is false, statement 2 is true.
 

Question : Supercooling is the cooling of liquid _________.

Option 1: below melting point

Option 2: below freezing point

Option 3: at melting point

Option 4: above melting point

Question : At the "break-even point",

Option 1: the industry is in equilibrium in the long run

Option 2: the producers suffer minimum losses

Option 3: the seller earns maximum profit

Option 4: the firm is at a zero-profit point