In short run, a firm would remain in business as long as which one of the following of cost is covered?

A. Total costs

B. Fixed costs

C. Variable costs

D. Constant costs

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

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  1. The production possibility curve (PPC) is concerned with:
  2. The amount of income left over for a consumer in equilibrium is :
  3. In case of monopoly, both AR and MR fall, but MR falls:
  4. The factors of production in perfect competition are:
  5. An increase in the supply of a commodity is caused by:
  6. The fixed cost of a firm:
  7. On an indifference map higher indifference curves show:
  8. The ordinal approach was presented by:
  9. If as a result of a decrease in price, total outlay (expenditures) on a commodity increases, its price-elasticity…
  10. Which of the following does not have a uniform elasticity of demand at all points?
  11. The giffen paradox is an exception to law of:
  12. The Law of Equi-Marginal Utility refers to:
  13. If there are many producers, each of whom has an individual production possibility curve, then the lowest…
  14. The least cost combination of factors x , y and z will generally be the point at which:
  15. The slutsky demand curve includes:
  16. In the short-run, the competitive firm can maximize its profits (or minimize its losses) by:
  17. The elasticity of demand is equal to slope of demand function divided by:
  18. According to Leontief technology, there:
  19. A fall in demand for the product under monopolistic competition will likely result in:
  20. A country is advised to devalue (reduce external value of) its currency only when its exports face:
  21. A firm enjoys maximum control over the price of its product under:
  22. The long-run AC curve is constructed from:
  23. Cross-elasticity of demand or cross-price elasticity between two complements will be:
  24. Total costs are:
  25. The law of Diminishing Marginal Utility implies that the marginal utility of a good decreases as:
  26. The Law of Diminishing Marginal Returns can be explained in terms of:
  27. A firm under perfect competition has:
  28. A firm will be in equilibrium when the lowest isocost is:
  29. The good will highest income elasticity is:
  30. In monopolistic competition, the firm compete on the basis of: