Variable costs are:

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 the short-run average variable costs of production for a firm are rising, then this indicates that:
• Implicit costs are:
• If a firm’s revenues just cover all its opportunity costs, then:
• 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:
• Law of variable proportion is valid when: