Cost function relates cost to

Related MCQs

• Returns to scale refers to the production function where
• According to the Classicals, investment is a function of:
• According to Keynes, investment is a function of:
• Laws of return shows ---------production function.
• In classical theory the level of employment is a function of:
• The variable cost of a firm vary in direct proportion to the
• Net addition to total cost is called:
• -------------- cost can never become zero.
• Average cost is the sum of AVC and
• When output is zero, variable cost is --------