Which one of the following statements for a firm's equilibrium in Perfect Competition is not correct ?
The market price must be greater or equal to average variable cost in the short run.
The market price must be equal to marginal cost.
The market price must be equal to average cost in the long run.
The marginal cost decreases at the equilibrium output.
For election to the Lok Sabha, a nomination paper can be filed by
Miscellaneous · Easy
In a month if the seventh day is three days earlier than Saturday,then the nineteenth day of the month will be a
Miscellaneous · Easy
Which among the following events happened earliest ?
Miscellaneous · Easy
An 80-litre solution of alcohol and water has 75% alcohol. How much water (in litres) must be added to bring down the concentration of alcohol to 60%?
Miscellaneous · Easy