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In case of short-run, the supply curve of an industry is the horizontal summation of:

A. Marginal cost curves

B. Average cost curves

C. Total cost curves

D. None of the above

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

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  1. The effect of consumer boycotts usually is:
  2. Which is the correct statement?
  3. The Law of Diminishing Marginal Returns can be explained in terms of:
  4. The income consumption curve (ICC) is the locus of points of consumer equilibrium resulting:
  5. If a firm is producing output at a point where diminishing returns have set in, this means that:
  6. Who is the author of Problems of Capital Formation in Underdeveloped Countries?
  7. Rent is a creation of value, not of wealth who made this observation?
  8. The act of producing the output from more than one plant is concerned with:
  9. When the output of a firm is increasing, its average fixed cost:
  10. Economics define technology as:
  11. To get more revenue, a Finance Minister impose tax on that commodity which has:
  12. If a good is an inferior good then an increase in incomes of the consumers will:
  13. Abstinence or Waiting theory of Interest was presented by:
  14. The situation in between the extremes of the govt. controlled, planned economy and the perfectly free,…
  15. By scarcity the economist means that all goods are scarce relative the peoples:
  16. The game theory takes into consideration:
  17. If the demand curve is horizontal then its slope is:
  18. Total costs in the short-term (short-run) are classified into fixed costs and variable costs. Which…
  19. Which of the following is not a U shaped curve:
  20. Under pure monopoly, there will be:
  21. The production process is:
  22. In perfect cartel, the:
  23. When at a given price, the quantity supplied of a commodity is more than the quantity demanded, there…
  24. The real income of a consumer is income in terms of:
  25. Variable cost includes the cost of:
  26. If the commodity is normal then fall in price will result in:
  27. The slope of isocost line (budget line) shows:
  28. In which case the elasticity shown by the different points of a curve is the same?
  29. Which of the following is not a characteristic of a perfectly competitive market?
  30. After reaching the saturation point consumption of additional units of the commodity cause: