If average variable costs fall as output grows:

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:
• Marginal costs and average variable costs are equal when
• If the short-run average variable costs of production for a firm are rising, then this indicates that:
• Variable costs are:
• When both average and total product are greater than zero, and marginal product equals average product, then total product:
• The saucer-type of modern Short run Average Variable Cost (SAVC) represents
• If the value of a variable varies as a consequence of the variation in the value of some other variable, it is called:
• If a firm’s average cost is Rs.32 at 6 units of output and Rs.34 at 7 unit, which one among the following is the marginal cost of producing the 7th unit
• A fall in the price of the commodity holding everything else constant results in: