Total variable cost curve is explained by

Related MCQs

• The output and cost pattern of a product are given below Output (q) 0 1 2 3 4 5 Total in `Cost (Tc) 35 42 53 08 75 88 From the above details what is the fixed cost or sunk cost
• The slope of total variable cost curve equals……………..
• Marginal cost can be equal to Average variable cost when
• If total production increases in the short run, the total cost will also……..
• Shift in Demand curve or change in Demand curve occurs due to
• Variable cost is also known as
• When the price is less than the average variable cost, the firm should ………….
• The positively sloped part of long run cost curve of a firm is due to
• The negatively sloped part of long run cost curve of a firm is due to
• Long run supply curve of a constant cost industry is