Which of the following statements about graphs of short-run cost curves is false?
Statement b is false, because the SMC and MVC curves actually coincide. MVC shows the change in a firm's total variable cost if its output changes by one unit, while SMC shows the change in its short-run total cost if its output changes by one unit. Now, in the short-run, if a firm changes its output by one unit, it can change the quantity of the variable inputs it uses but not the quantity of the fixed inputs, so the change in its total cost equals the change in the cost of its variable inputs.
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A trader buys some goods for Rs 150. If the overhead expenses be 12% of cost price, then at what price should it be sold to earn 10% profit ?
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The ratio of the cost price to the marked price of an article is 2:5 and the ratio of the profit percentage to the discount percentage is 5:2. Find the...
A Shopkeeper gives 2 articles free on the purchase of every 10 articles. He also allows a discount of 20% to customer and still earn 25% profit. Find th...
A man purchases some number of articles at Rs.729000 and he sells 4/9th of them at 7.5% loss. what profit % did he sell the remaining article to gain 5...
A shopkeeper sold a school bag at a profit of 35%. Had he sold the school bag at 15% profit he would have earned Rs.148 less. Find the cost price of the...
When a shopkeeper sells 6 articles for Rs 30, he earns a profit of 25%. What will be his gain or loss percent if he sells 14 articles at Rs 61.60?
A Shopkeeper sold an article at 20% loss. If he had sold it for Rs. 420/- more, he would have made 40% profit, find the selling price of the article?