Cost of production of the producer is given by:

Related MCQs

• When average cost production (AC) falls, marginal cost of production must be -
• The World’s largest copper producer is:
• The World’s largest producer of silk is:
• The economic situation in which only a single seller or producer supplies a commodity or a service is called:
• An industry in which technical factors preclude the efficient existence of more than one producer. This situation is called:
• Opportunity cost of production of a commodity is -
• The opportunity cost of a factor of production is -
• The fixed cost on such factors of production which are neither hired nor bought by the firm is called -
• If average cost falls, marginal cost -
• If the average total cost is Rs.54, total fixed cost is Rs.45000 and quantity produced is 2500 units, find the average variable costs (in Rs.) of the firm -