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The average fixed cost (AFC) curve is asymptote to:

A. X-axis

B. Y-axis

C. Z-axis

D. None of the above

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  1. The demand curve in monopolistic competition (also in kinked demand curve model), which shows the share…
  2. In monopoly, new firms:
  3. The long run average cost curve is the envelope of:
  4. The cobweb model will divergent when the slope of:
  5. Which of the following is not a U shaped curve:
  6. In the theory of firm, Chamberline presented the idea of:
  7. If the commodity is inferior then the increase in income of the consumer results in:
  8. Marginal utility (MU) always:
  9. Total utility:
  10. Variable cost includes the cost of:
  11. The indirect utility function is a homogeneous function of:
  12. The demand curve of a firm in monopolistic competition is:
  13. Which one of the following has been the most influential work of F.H.Knight?
  14. In 1776, a famous book An enquiry into the nature and causes of the wealth of nation was written by:
  15. The long-run average cost is based on the fact that:
  16. If, at the prevailing price, more of a good is desired than is available for sale:
  17. A decrease in demand lowers the price the most:
  18. At the point where the straight line from the origin is tangent to the TC curve, AC is:
  19. The marginal revenue of a perfectly competitive firm is:
  20. When elasticity of demand is greater than one (e >1), then following the formula MR=P[1-1/e], the MR…
  21. If less is demanded at the same price or same quantity demanded at a lower price, it is a case of:
  22. By scarcity the economist means that all goods are scarce relative the peoples:
  23. The Prisoners Dilemma was presented by A.W.Tucker in:
  24. The advantage of using indifference curves rather than marginal utilities is:
  25. Capital and Development Planning is the work of:
  26. Because of selling costs, the demand curve of a firm shifts:
  27. In monopoly, when average revenue curve falls:
  28. If a straight line supply curve makes an intercept on the X-axis, the elasticity of supply is:
  29. In Nash equilibrium, a player:
  30. The Lambda or Langrange Multiplier is a: