There is no difference between fixed and variable factors in the:

A. Long run

B. Short run

C. Average run

D. None of the above

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

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  1. If a firm is producing output at a point where diminishing returns have set in, this means that:
  2. According to marginalistic rule, the profit maximization hypothesis requires:
  3. The game theory was basically presented by:
  4. In economic term water is a:
  5. Efficient allocation of resources is likely to be achieved under:
  6. If a new production technology for producing compact discs is developed and new firms are attracted…
  7. The difference between laws of return and laws of return to scale is:
  8. The difference between average cost and average revenue is:
  9. The addition or increment to the total cost involvesd in expanding or contracting output by one unit…
  10. The necessary condition of firms equilibrium requires:
  11. An effective price ceiling usually results in:
  12. Which of the following formula determine the income elasticity of demand?:
  13. Marshallian demand function is also known as:
  14. Classical production function is:
  15. When at a given price, the quantity supplied of a commodity is more than the quantity demanded, there…
  16. Under the law of variable proportions, the average and the marginal product of the variable factor would…
  17. The slope of marshallian demand curve is:
  18. An inferior good/ commodity is inferior for:
  19. As the price of diamond is higher, so it has:
  20. The engineering production function and engineering costs curves are concerned with the:
  21. The minimization of costs subject to output requires equilibrium at the lowest:
  22. In the long-run competitive equilibrium:
  23. When total revenue (TR) falls in monopoly then elasticity of demand is:
  24. Total utility and price are:
  25. A market-clearing price:
  26. The average cost curve is a geometrical illustration of:
  27. In Prisoners Dillemma, the players are:
  28. According to critics, the assumption of costless production is:
  29. In perfect cartel, the:
  30. Under pure monopoly, there will be: