In modern theory, LAC = LMC after the attainment of:

A. Maximum optimal scale

B. Average optimal scale

C. Minimum optimal scale

D. None of the above

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

You can do it
  1. Implicit costs are the costs:
  2. On a straight line demand curve, elasticity of demand at the midpoint is:
  3. To calculate the elasticity of demand, which of the following formula is used?:
  4. Theory of revealed preference is based on:
  5. The real income of a consumer is income in terms of:
  6. The falling part of total Utility (TU) curve shows:
  7. In monopolistic competition, the cost curves of all firms are:
  8. When the income of consumer increases then budget line will:
  9. An inferior good/ commodity is inferior for:
  10. The slope of an iso-quant represents:
  11. In Nash equilibrium, a player:
  12. Other things remaining the same, when a consumers income increases his equilibrium point moves to:
  13. In the case of a normal goods, the income effect:
  14. In cournot model firms:
  15. Which of the following curves is a rectangular hyperbola?
  16. The kinked demand curve comes into being where:
  17. When sales tax is imposed on monopolist, its:
  18. In case of monopoly:
  19. The isoquant approach is:
  20. In context of oligopoly, the kinky demand curve (kinked demand curve) hypothesis is designed to explain:
  21. If the commodity is inferior then the Income Effect (I.E) and the Substitution Effect (S.E):
  22. Marginal utility is only meant for:
  23. From analysis, it is clear that both Marshal and Walras market models are:
  24. Which one of the following has been the most influential work of F.H.Knight?
  25. There is no difference between fixed and variable factors in the:
  26. In a perfectly competitive market, suppliers must know:
  27. Who is the author of Trade Cycle ?
  28. Marginal revenue from a given output:
  29. The main contribution of Prof. R.G.D.Allen is in the field of:
  30. At high prices, demand is likely to be: