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At the point where the straight line from the origin is tangent to the TC curve, AC is:

A. Maximum

B. Minimum

C. Equal

D. Lower

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

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  1. In dominant strategies I am doing the best, I can no matter:
  2. The main contribution of David Ricardo is in the field of:
  3. In monopolistic competition, the firm compete on the basis of:
  4. The ordinary demand curve is also called:
  5. Increasing returns imply:
  6. When elasticity of demand is less than one (e
  7. In the long run average costs curve, a firm can change:
  8. The relationship between AC and MC curves depend upon the behavior of:
  9. Economic laws are:
  10. Marginal utility means:
  11. Which of the following is the work of A.C.Pigou?
  12. In Prisoners Dillemma, the players are:
  13. With an increase in income, consumer is expected to buy more of:
  14. The Hicksian indirect utility function in the form of equation is:
  15. Who first used the term Quasi-Rent?
  16. The production techniques are technically efficient:
  17. An iso-product (an isoquant) curve slopes:
  18. The total utility is gained by consuming:
  19. While buying two goods X and Y with unequal prices, to maximize total utility from his income, a consumer…
  20. The Latin term citeris paribus means:
  21. Extension (expansion) and contraction of demand are result of:
  22. Which form of market structure is characterized by interdependence in decision-making as between the…
  23. If a new production technology for producing compact discs is developed and new firms are attracted…
  24. The income effect means that consumer purchase more when:
  25. Which of the following is not a U shaped curve:
  26. Iso-product curve (isoquant) shows:
  27. For a commodity giving large consumers surplus, the demand will be:
  28. If the demand for good is more elastic and government levied a tax per unit of output, the price per…
  29. Cross-demand curve shows:
  30. The cost that a firm incurs in purchasing or hiring any factor of production is referred to as: