Class XII

Can TR be a horizontal Straight line?
  1. May be
  2. No
  3. May not be always
  4. Yes
TR is always a 45 degree angle in perfect competition market as
  1. Price remains fixed
  2. Price can rise
  3. Price may fall
  4. Price does not remain fixed
Can the AC be equal to MC when AC is rising
  1. No
  2. Yes
  3. None of these
  4. Can’t say
Diagrammatically AC has a U shape. The statement is
  1. May not be
  2. May not be
  3. May be
  4. 1
Can the AC be more than the MC when AC is rising
  1. None of these
  2. No
  3. yes
  4. Both are not releated
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