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10 questions from this quiz
All factors can change in long run
Labour and raw materials
MP=ΔTPΔQMP = \frac{\Delta TP}{\Delta Q}MP=ΔQΔTP
Rent
TC=FC+VCTC = FC + VCTC=FC+VC
MC=ΔTCΔQMC = \frac{\Delta TC}{\Delta Q}MC=ΔQΔTC
TR=P×QTR = P \times QTR=P×Q
They remain constant at 120
They continuously decrease
At their minimum points
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