The saucer-type of modern Short run Average Variable Cost (SAVC) represents

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Question:

The saucer-type of modern Short run Average Variable Cost (SAVC) represents

A.

excess capacity

B.

managerial costs

C.

load factors

D.

reserve capacity

Answer» b. managerial costs

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