Find the value of total revenue from the following table and arrange those values of total revenue in decreasing order.

Option	Average revenue	Quantity
A	10	2
B	12	1.5
C	14	1.0
D	16	0.5

Choose the correct answer from the options given below:

Select the correct statements in respect to the relationship between short-run cost curves.

A. Marginal cost (SMC), average variable cost(AVC) and short run average cost curves(SMC) are 'U' shaped.

B. SMC curve cuts the AVC curve from below at the minimum point of AVC.

C. AVC curve cuts the SMC curve from below at the minimum point of SMC.

D. SMC curve cuts the SAC curve from below at the minimum point of SAC.

Choose the correct answer from the options given below:

Which of the following central problems deals with the choice of technique of production?

The optimum output will be when the relationship between LRMC and LRAC.

When a proportional increase in all inputs results in an increase in output by the half proportion, then the production function is said to display which returns to scale?

An increase in production of one extra unit of output will lead to an increase in ..........

Arrange the following in correct sequence to attain equilibrium under perfect competition.

(A) LRMC start rising.

(B) Both LRAC and LRMC fall.

(C) Both LRAC and LRMC rises.

(D) LRMC cuts LRAC from below.