A. average fixed cost is rising
B. average total cost is falling
C. average total cost is raising
D. average total cost is minimized
A. is linear (a straight line)
B. becomes steeper as the quantity of the input increase
C. could be any of these answers
D. becomes flatter as the quantity of the input increase
A. Rs80,000
B. Rs30,000
C. Rs75,000
D. Rs70,000
A. variable costs
B. implicit costs
C. explicit costs
D. marginal costs
A. average fixed cost
B. average total cost
C. average variable cost
D. marginal cost
A. an increase in average total costs
B. diseconomies of scale
C. economies of scale
D. constant returns to scale
A. average total cost is falling
B. average total cost is raising
C. average total cost is maximized
D. average total cost is minimized
A. rent on the factory
B. wages paid to factory labor
C. interest payments on borrowed financial capital
D. payments on the lease for factory equipment
E. salaries paid to upper management
A. is liner (a straight line)
B. could be any of these answers
C. becomes steeper as the quantity of output increases
D. become flatter as the quantity of output increases.
A. accounting profit will exceed economic profit
B. economic profit will always be zero
C. economic profit will exceed accounting profit
D. accounting profit will always be zero
E. economic profit and accounting profit will be equal