When SAC curve rises, SMC curve lies its:

A. Below

B. Above

C. Equal level

D. None of the above

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

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  1. In perfectly competitive markets, the profit maximization rule can be represented by:
  2. Demand is elastic when the coefficient of elasticity is:
  3. Capital and Development Planning is the work of:
  4. The production function of homogeneous of degree one (n=1) is also called:
  5. An inferior commodity is one whose quantity demand decreases when income of the consumer:
  6. The consumer is in equilibrium at the where:
  7. The factors of production in perfect competition are:
  8. Who formulated the Post-Keynsian Theory of Distribution and Growth?
  9. The fundamental choices that a society must make about the use of its resources include:
  10. Implicit costs are the costs:
  11. Under the law of variable proportions, the average and the marginal product of the variable factor would…
  12. In dominant strategies I am doing the best, I can no matter:
  13. The long run average cost curve is the envelope of:
  14. The necessary condition of firms equilibrium requires:
  15. LMC represents change in LTC (long-run total cost) due to producing an additional unit of a good while…
  16. Total variable cost curve:
  17. Most of the supply curves with which the average consumer deals are:
  18. The monopolist often lead to exploitation of:
  19. When the demand curve is rectangular hyperbola, it represents:
  20. The critics of Sweezy model say that kink generates:
  21. If in the long run, output increases in the same proportion as increase in all the input in the given…
  22. When elasticity of demand is greater than one (e >1), then following the formula MR=P[1-1/e], the MR…
  23. The economic problem of determining the combination of inputs yielding lowest cost for producing a given…
  24. The costs faced by the firm against variable factors are:
  25. At the point where the straight line from the origin is tangent to the TC curve, AC is:
  26. In centralized cartel, the firms are like:
  27. The ordinary demand curve is also called:
  28. The ordinal approach was presented by:
  29. According to Marshal, the Law of Diminishing Returns is applicable to:
  30. Which of the following is not a characteristic of a perfectly competitive market?