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The difference between the average total cost and average variable cost as output increases will:

A. Increases

B. Remains the same

C. Diminishes

D. Zero

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

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  1. Contraction of demand means:
  2. A maximin strategy:
  3. In discriminating monopoly (price discrimination), the cost of production in two markets are:
  4. Supply curves are most elastic:
  5. The costs faced by the firm against fixed factors are:
  6. The demand curve of ostentation goods (Veblen goods) will be:
  7. The engineering production function and engineering costs curves are concerned with the:
  8. The cross-price elasticity of the demand for orange juice with respect to the price of apple juice is…
  9. Income effect operates through an increase
  10. The point on which the average cost is minimum in a firm, short run average cost curve will also be…
  11. The number of sellers in oligopoly are:
  12. The equilibrium conditions, MC = MR = AR = AC, will happen:
  13. An indifferent curve shows:
  14. In joint-profit maximization cartel, central agency sets the:
  15. An indifference curve normally slopes downward from:
  16. If under perfect competition, in the short period, price does not cover the average cost completely,…
  17. The imaginary differentiation is attributed to difference in:
  18. If the commodity is inferior then:
  19. Which one of the following has been the most influential work of F.H.Knight?
  20. Law of Returns to Scale shows:
  21. To attain maximum profits during short-run a firm should produce the output that will:
  22. At high prices, demand is likely to be:
  23. Used cars are sold in:
  24. The kink demand curve faced by an oligopolist is based on the assumption that:
  25. In the case of substitutes, the cross demand curve slopes
  26. The water diamond paradox was firstly resolved with the help of:
  27. When with a change in price the total outlay (expenditures) on a commodity remains constant, it is a…
  28. The behavior of MC curve is determined by the behavior of the:
  29. The alternative of profit maximization theory is:
  30. In joint-profit maximization cartel, the distribution of profit is: