Solve the MCQS no Explanation please:

If price is less than average total cost, so the firm has ----------

Losses

Positive profit

No profit, no loss

None of the above

The firm should exit the market if

TR>TC

TR

TR=TC

None of the above

If marginal revenue is greater than marginal cost, the firm should --------- its output

Increase

Decrease

Keep unchanged

None of the above

In case of competitive firm, the profit-maximizing quantity QMAX is found where the horizontal price line intersects the ---------------.

Average total cost curve

Average variable cost curve

Marginal cost curve

None of the above

In case of a competitive firms price is ---------- the average revenue and marginal revenue

Greater than

Lesser than

Equal to

None of the above

Costs that do not vary with the quantity of output produced are ----------

Fixed costs

Variable costs

Operational costs

Marginal costs