If the long run cost curve shifts down wards it is an indication of

Related MCQs

• The Long run Average Cost curve (LAC) in modern cost theory is roughly
• Under increasing returns to scale, which of the following is the nature of the long run average cost curve?
• If the long run average cost curve for a typical firm in an industry is downward sloping to the right it becomes difficult to sustain the assumption of
• When there is an increase in the autonomous money supply, ceteris paribus, LM shifts:
• Which of the following can cause shifts in consumption function:
• 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:
• A movement down the given demand curve shows:
• In long run, which factor of production is fixed?
• The MC curve cuts the AC curve at
• If the demand curve is linear and negatively sloped, the marginal revenue curve has a slope: