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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 military causes are correct for the Revolt of 1857?
1. Low salary and poor prospects of promotion
2. Di...
Find out the quantity of four-digit numbers that can be created by utilizing the digits from 1 to 9 if repetition of digits is not allowed?
The Trade Union Act, of 1926 specifies that the funds of a trade union can be used only for the purposes specified in its _______.
Consider the following with reference to Indian Tax System:
1. Corporation Tax
2. Dividends Distribution Tax
3. Minimum Alterna...
Find the median of 2, 5, 6, 8, 7, 9, 14, 7 and 14.
According to the Code on Industrial Relation 2020 the term “Wage” Includes?
I. Basic pay
II. ...
Select the correct group of scientists who are the recipients of the Shanti Swarup Bhatnagar Prize for Science and Technology, 2021.
A and B are travelling towards each other with a speed of 20 km/hr and 30 km/hr. They started at same time and A covered 40 km less distance than B befo...
Asoka was known as 'Asoka the Great' because
In the following question, select the related wo rd from the given alternatives.
PLAGUE : LPGAEU :: NUCLEA: ?
...