In economics, in the long run all the cost………….

Related MCQs

• The field of economics that is now called Macroeconomics grew out of the era of the Great Depression, which saw the economy experience a prolonged downturn and persistent high unemployment. Classical economics could not explain these problems because its models assumed all of the following EXCEPT
• 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 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
• Long run supply curve of a increasing cost industry is
• Long run supply curve of a decreasing cost industry is
• The belief that a firm's obligation goes beyond that required by law and economics, and includes a pursuit of long-term goals that are good for society is known as:
• In economic theory, in the short run all the cost are……………
• In the long run price is governed by ………….