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Total variable cost curve:

A. Steps downwards at first and then upwards

B. Steps upwards, then remains constant and then falls

C. Steps downwards

D. None of the above

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

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  1. The line from the origin to a point on an isoquant shows:
  2. The marshallian demand curve includes:
  3. Income-elasticity of demand is expressed as:
  4. Each SAC represents a particular level of:
  5. The elasticity of demand is equal to slope of demand function divided by:
  6. Under monopolistic competition, the firms compete alongwith:
  7. In case the two commodities are complements, cross elasticity will be:
  8. Using total revenue and total cost, a profit maximizing firm will be equilibrium at a point:
  9. Scarcity is:
  10. If the commodity is normal then Income Effect (I.E) is:
  11. In case of budget line, we get pairs of two goods where consumers income is:
  12. Cross-elasticity of demand or cross-price elasticity between two complements will be:
  13. If a straight line supply curve passes through the point of origin O, the elasticity of supply is:
  14. In monopolistic competition, the aim of the firm is to:
  15. The concept of product differentiation was firstly introduced by:
  16. In modern cost theory, AVC= b1 and MC= b1 in the range of:
  17. The fundamental choices that a society must make about the use of its resources include:
  18. A monopoly producer usually earns:
  19. If, at the prevailing price, more of a good is desired than is available for sale:
  20. In monopoly, new firms:
  21. Production function shows:
  22. Some economists refer to iso-product curves as:
  23. Isocost line shows the combinations of labor and capital where a firms budget is:
  24. The main contribution of Malthus is in the field of:
  25. Excess capacity is not found under:
  26. Because the price elasticity of demand for OPEC oil is approximately .08, in order to increase revenues…
  27. If the price of product A decreases and in the result the demand for product B increases then we can…
  28. J.R.Hicks was:
  29. According to Cobb-Douglas, in production function the marginal product of labor is:
  30. In a perfectly competitive market, suppliers must know: