When output is zero, variable cost is --------

Related MCQs

• -------------- cost can never become zero.
• The variable cost of a firm vary in direct proportion to the
• Let a firm employs 5 labourers and produces 120 units of output. When 6 labourers are employed the firm produces 136 units of output. Then the marginal product is ---
• Cost function relates cost to
• Law of variable proportions is concerned with
• The ‘point of inflection’ come in which stage of the law of variable proportions
• A rational producer will select his level of production in which stage of the law of variable proportions
• National income is a --------variable.
• Value of output minus intermediate consumption is:
• Increase in output less than proportional to increase in inputs is called: