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

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

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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?