Under increasing returns to scale, which of the following is the nature of thelong run average cost curve?

Question:

Under increasing returns to scale, which of the following is the nature of thelong run average cost curve?

A.

downward sloping

B.

upward rising

C.

parallel to output axis

D.

identical to short run average cost curve

Answer» d. identical to short run average cost curve

Note: The above multiple-choice question is for all general and Competitive Exams in India

Among the following, which is an assumption of OLS

Question:

Among the following, which is an assumption of OLS

A.

the explanatory variables are measurable

B.

the relationship being estimated is identified

C.

error term and independent variables are related

D.

error term and independent variables are linearly related

Answer» b. the relationship being estimated is identified

Note: The above multiple-choice question is for all general and Competitive Exams in India