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With the expansion of output, the short run average cost curve, beyond a point, starts rising because:

A. Average fixed cost increases sharply

B. More production yields lower per unit price

C. The law of variable proportions applies to short run production

D. Sales expenses become much larger

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  1. Income distribution effects:
  2. Efficient allocation of resources is achieved to a greater extent under:
  3. An income demand curve of an inferior good is:
  4. According to current thinking, the law of diminishing returns applies to:
  5. To calculate the elasticity of demand, which of the following formula is used?:
  6. The main contribution of Prof.Robbins is in the field of:
  7. According to Chamberline, in monopolistic competition, differentiation is determined by:
  8. In non-constant sum game (non-zero sum game), if there are two parties then:
  9. J.R.Hicks was:
  10. Variable cost includes the cost of:
  11. According to translog production function, elasticity of substitution is:
  12. Extension (expansion) and contraction of demand are result of:
  13. The Lambda or Langrange Multiplier is a:
  14. Who wrote A Contribution to the Theory of Trade Cycle?
  15. Indifference curve represents:
  16. In Bertrand model, the entry of new firms is:
  17. The relationship between price effect, income effect and substitution effect is:
  18. MC = MR = AC = AR shows the long run equilibrium position of the:
  19. The slope of the iso-cost line (budget line) is determined by:
  20. A high value of cross-elasticity indicates that the two commodities are:
  21. Who is the author of Choice of Technique?
  22. The proportionality rule in production requires that the ratios of MP and factor prices are:
  23. In cournot model, each firm expects a reaction from his rival but the expected reaction is not:
  24. The demand curve of a firm in monopolistic competition is:
  25. When total product increases at a decreasing rate:
  26. In case of short-run, the supply curve of an industry is the horizontal summation of:
  27. The production function can convey to a firm:
  28. The shape of the TC curve is:
  29. In case of complementary factors, the isoquants are:
  30. Of the following, which one is a characteristic of monopolistic competition?