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.
Which of the following is the main body of United Nations Organisation?
Who was the first female judge appointed to the Supreme Court of India.
Which of the following substances is insoluble in water?
World Ozone Day is celebrated every year on
______ is the state flower of Madhya Pradesh?
Where in India the famous Saffron Festival is being celebrated?
Which of the following institutes has won the ‘Spirit of Mylapore Award’?
Devi Kund and Sundherdhunga are the most favorite trekking locations for many trekkers. It is situated in which district?
ASEAN is an inter-governmental organization of countries of:
RBI was a privately held bank before 1949