A firm has variable cost of Rs. 1,000 at 5 units of output. If fixed cost are Rs. 400, what will be the average total cost at 5 units of output?
In the long run under which competition a firm may earn super normal profits?
In Law of negative returns (Third stage of Law of variable proportions)
If firm ’s average cost curve is falling then marginal curve must be:
Which of the following has the lowest price elasticity of supply?
Product differentiation is the most important feature of:
Relationship between AR, MR and Price elasticity of demand is
In a perfectly competitive firm, MC curve above AVC is the _____ Curve of the firm
Questions like what should be the level of national inc om e, what should be the wage rate fall within the scope of:
Which of the following is not one of the features of capitalist economy?
Which is not the assumption of Indifference curve Analysis?
The horizontal demand curve parallel to x-axis implies that the elasticity of demand is
In case of an inferior good the income elasticity of demand is:
When quantity demanded changes by larger percentage than does price, elasticity is termed as:
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