If the short-run average variable costs of production for a firm are rising, then this indicates that:

Related MCQs

• With fixed costs of Rs.400, a firm has average total costs of Rs.3 and average variable costs of Rs.2.50. Its output is:
• If you know that with 8 units of output, average fixed cost is Rs.12.50 and average variable cost is Rs.81.25, then total cost at this output level is:
• If a firm’s revenues just cover all its opportunity costs, then:
• Variable costs are:
• The marginal product curve is above the average product curve when the average product is :
• In game theory, a situation in which one firm can gain only what another firm loses is called a
• If there is excess capacity in a production facility, it is likely that the firm’s supply curve is:
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• A firm that is threatened by the potential entry of competitors into a market builds excess production capacity. This is an example of
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