Average cost means:

A. Cost of the average units

B. Cost of the last units of average

C. Cost of the unit of production

D. Total cost marginal cost

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

You can do it
  1. Identify the economist who first developed the theory of income determination in its modern form:
  2. Normal profits are considered as:
  3. The economic problem of determining the combination of inputs yielding lowest cost for producing a given…
  4. In respect of which of the following category of goods is consumers surplus highest?
  5. With the expansion of output, the short run average cost curve, beyond a point, starts rising because:
  6. Income effect operates through an increase
  7. After reaching the saturation point consumption of additional units of the commodity cause:
  8. When AC curve falls, MC curve falls:
  9. Normally when price per unit of time falls:
  10. When the consumer is in equilibrium not only his income is fully spent, but the ratio of marginal utility…
  11. An iso-product (an isoquant) curve slopes:
  12. Rotten eggs are:
  13. Average Revenue means:
  14. In perfect competition, the slope of the total revenue curve of a firm is equal to the:
  15. The normal long-run average cost curve is influenced by the:
  16. MC = MR = AC = AR shows the long run equilibrium position of the:
  17. Extension (expansion) and contraction of demand are result of:
  18. The law of demand is most directly a result of:
  19. The demand of the necessities is:
  20. The behavior of MC curve is determined by the behavior of the:
  21. Demand of a commodity is elastic when:
  22. The necessary condition of firms equilibrium requires:
  23. A demand schedule is shown as:
  24. Under the perfect competition, the transportation cost:
  25. If X and Y are close substitutes, a rise in the price of X will lead to:
  26. In price leadership, like leader, the follower firm may:
  27. The concept of product differentiation was firstly introduced by:
  28. The average product is given as:
  29. Scarcity is:
  30. In Prisoner Dilemma, the best choice of strategy is: