Any expansion in output by a firm in the short period will always reduce the:

A. Average variable cost

B. Average fixed cost

C. Both average fixed and variable cost

D. None of the above

Please do not use chat terms. Example: avoid using "grt" instead of "great".

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  1. The relationship between price effect, income effect and substitution effect is:
  2. In monopolistic competition, the firm compete on the basis of:
  3. Stable cobweb model is a:
  4. If the commodities X and Y are perfect substitutes then:
  5. When income of the consumer increases then demand curve of an inferior good:
  6. The budget constraint can be written as:
  7. In measuring price-elasticity:
  8. Increasing return to scales can be explained in terms of:
  9. Income-elasticity of demand is expressed as:
  10. In joint-profit maximization cartel, central agency sets the:
  11. The isoquant approach is:
  12. The act of producing the output from more than one plant is concerned with:
  13. In economics, Externality means:
  14. Which of the following is not a feature of isoproduct curves?
  15. Identify the economist who first developed the theory of income determination in its modern form:
  16. Total variable costs in equation form are:
  17. Necessary condition for consumer equilibrium is:
  18. The average fixed cost (AFC) curve is asymptote to:
  19. The main contribution of Malthus is in the field of:
  20. The supply curve would probably shift to the right if:
  21. The partial equilibrium model keeps other things:
  22. In dominant strategies I am doing the best, I can no matter:
  23. At a point below the middle of a straight line demand curve, elasticity of demand is:
  24. The substitution effect works to encourage a consumer to purchase more of a product when the price of…
  25. The main objective of the firm is to:
  26. If the price of product increases and in the result the demand for product B also increases then:
  27. In monopoly and perfect competition, TC curves are:
  28. In case of monopoly, TR curve rises at a:
  29. If the commodity is inferior then the Income Effect (I.E) and the Substitution Effect (S.E):
  30. On the total utility curve the economically relevant range is the portion over which: