Which of the following cannot be U shaped curve (a) AFC curve ; (b) AC curve ; (c) AVC curve ; (d) AMC curve Answer : (a) AFC curve ;...
Afirm will close down in the short run, if AR is less than (a) AC (b) AVC © MC (d) none of the above Answer : (b) AVC...
Which of these curve never touch X axis (a) AVC ; (b) AFC ; (c) TC ; (d) MC Answer : (b) AFC ;...
The long run average cost curve envelops (a) all short run average cost curves (b) all short run average variable cost curves © all short run marginal cost curves (d) none of the above.
The slope of total variable cost curve equals…………….. (a) AVC ; (b) MC ; (c) AC ; (d) MPP Answer : (b) MC ; ...
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