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When the output of a firm is increasing, its average fixed cost:

A. Declines continuously

B. Remains constant

C. Rises continuously

D. Declines and then rises

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

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  1. Identify the author of The Principles of political Economy and Taxation:
  2. The amount of income left over for a consumer in equilibrium is :
  3. The marginal revenues are derivatives of:
  4. If at the unchanged price, the demand for a commodity goes up, or the quantity demanded remains the…
  5. In case of short-run, the supply curve of an industry is the horizontal summation of:
  6. The elasticity of substitution measures the percentage change in the ratio of inputs when any producer…
  7. Utility means:
  8. MC curve is:
  9. If the commodity is normal then the Income Effect (I.E) and the Substitution Effect (S.E):
  10. Which of the following does not have a uniform elasticity of demand at all points?
  11. In perfectly competitive markets, the profit maximization rule can be represented by:
  12. Human wants are:
  13. Demand of a commodity is elastic when:
  14. The MC curve cuts the AVC and ATC curves:
  15. Indifference curves are downward sloping and are drawn bowed toward the origin (convex to the origin)…
  16. Change in demand (rise and fall of demand) is:
  17. In the modern theory of costs, the level of production which the firm considers feasible is known as:
  18. General Equilibrium deals with the equilibrium of the:
  19. Demand for a commodity is elastic when it has
  20. The combination of labor and capital where the cost of a given output is minimized is known as:
  21. Who wrote Mathematical Analysis for Economists?
  22. The demand curve of giffen goods will be:
  23. The budget line is described by each of the following except:
  24. If price exceeds AVC but in smaller than AC at the best level of output, the firm is:
  25. The firm is at equilibrium where:
  26. In non-collusive oligopoly firms enter into:
  27. Demand is elastic when the coefficient of elasticity is:
  28. Profits of a firm will be calculated taking into account the units produced and the difference between:
  29. MC = MR = AC = AR shows the long run equilibrium position of the:
  30. Increase in demand occurs when: