For a price-taking firm, willingness to accept is equal to the ______. Options: A . &nbspmarginal cost B . &nbspprice C . &nbspaverage total cost D . &nbspmarginal revenue

For a price-taking firm, willingness to accept is equal to the _____

Question

For a price-taking firm, willingness to accept is equal to the ______.

Options:

A . marginal cost

B . price

C . average total cost

D . marginal revenue

Answer: Option A
:
A
For a price-taking firm, willingness to accept is equal to the marginal cost. At any price less than the marginal cost, the firm will not produce an additional unit.

Was this answer helpful ?

Next Question

Submit Solution

More Questions on This Topic :

Question 1. At the market price of Rs 10, a firm supplies 4 units of output. The market price increases to Rs 30. The price elastici....What quantity will the firm supply at the new price?

Question 2. Which of the following rules should be followed by a supplier for profit maximization?....

Question 3. The supply curve of rare collectables will be?....

Question 4. The minimum point of a firm's LRAC is Rs 8, at which it produces a quantity of 500. Which of the following price-qu....the following price-quantity pairs (p,q) can lie on the supply curve?

Question 5. Which of the following is not a determinant of a good's supply?....

Question 6. Study the supply curve given below and answer the following question.At what price is the producer surplus equal to $2?....question.At what price is the producer surplus equal to $2?

Question 7. The profit level that is just enough to cover the economic costs of the firm is called ___ profit.....

Question 8. The costs (LRAC) and prices (P) for four firms are given in the options below. Which of these cannot lie on the long-run....cannot lie on the long-run supply curve of a firm?

Question 9. Study the supply curve given below and answer the following question.If the quantity supplied increases from 10 to 20, t....quantity supplied increases from 10 to 20, the total revenue ________.

Question 10. The supply curve of a firm is given by the equation q=250p−250. If the price decreases by 2 units, ______....

Chapter 1 - GLOBAL STEEL SCENARIO & INDIAN STEEL INDUSTRY Part 1 : (13-04-2024) INDUSTRY AND COMPANY AWARENESS (ICA)

Direction Sense Test Part 1 Reasoning (Hindi)

Chapter 1 - RMHP / OHP / OB & BP Part 1 : (14-02-2024) GPOE

Cube & Cuboid Part 1 Reasoning (Hindi)

Data Interpretation (DI) Basic Concept Reasoning (Hindi)

Counting Figures Part 1 Counting Of Straight Lines Reasoning (Hindi)

Sail E0 free webinar Webinars

Real Numbers Part 7 Class 10 Maths

Real Numbers Part 1 Class 10 Maths

Polynomials Part 1 Class 10 Maths

DSP Combined 1 Free Revision Test SAIL JO E-0

GPOE / GPA Combined 1 Free Revision Test SAIL JO E-0

BSP Plant Specific Review Test SAIL JO E-0

BSL Combined 1 Free Revision Test SAIL JO E-0

GFM Combined 1 Free Revision Test SAIL JO E-0

Submit Solution

More Questions on This Topic :

Latest Videos

Latest Test Papers