The variable cost of a firm vary in direct proportion to the

Related MCQs

• When output is zero, variable cost is --------
• The proportion between total income and total consumption is called:
• The proportion between incremental income and incremental consumption is called:
• The proportion between total income and total saving is called:
• 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.
• The major objective of a firm is