The average cost curve is a geometrical illustration of:

Question

Join Our Socials

Telegram Group

Join Community

The average cost curve is a geometrical illustration of:

A. Hydraulic function

B. Cubic function

C. Pentagonic function

D. Quadratic function

The quadratic function shows that if by increase the value of independent variable the value of dependent variable is decreasing then after a certain level it starts to increase and vice versa.

is a quadratic function.

Share this question with your friends

Show all Basics of Economics MCQ

Comment

Related Questions

In discriminating monopoly (price discrimination), the cost of production… The line from the origin to a point on an isoquant shows: The income consumption curve (ICC) is the locus of points of consumer… According to critics, the assumption of costless production is: In monopolistic competition, the firm compete on the basis of: Which of the following is not a U shaped curve: When a competitive firm is in equilibrium in the long-run, its output… The Modern and Neo-Keynsian Theory of Interestwas presented by: Law of Variable Proportions is regarding in: To attain maximum profits during short-run a firm should produce the output… In an indifference curve diagram, when the price of a product increases,… Under which of the following forms of the market structure does a firm… The Purchasing Power Parity (PPP) Theory is presented by: If the demand for good is more elastic and government levied a tax per… If the price of a product falls which of the following would occur? Who is the author of Problems of Capital Formation in Underdeveloped Countries? We can write ordinal utility function as: The total revenue curve for monopolist is the shape of: Marginal utility is only meant for: The good will highest income elasticity is: A shift in the demand for a product is likely to result from a change… Total utility and price are: Which of the following is assumed to be constant when a supply curve is… The firm is said to be in equilibrium when the difference between revenue… In terms of price, the indirect utility function may be: In repeated game, the Prisoners Dillemma can have a: If the marginal utility of apples to a consumer exceeds that of bananas… The economic problem of determining the combination of inputs yielding… Nash Equilibrium is stable: For the given production function, technical efficiency is defined as:

Accepted Answer

D. Quadratic function

The average cost curve is a geometrical illustration of:

Correct Answer :

Show all Basics of Economics MCQ

Related Questions

Also checkout