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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.
Identify the segment in the sentence, which contains the grammatical error.
The files you were look for are placed on the table.
Despite incessant rains, she is the only one who plan to attend the meeting at the ministry.
The decision to cut the prices were taken after a fortnightly review meeting of the oil companies.
Identify the segment in the sentence, which contains the grammatical error.
Each student will have to carry his own lunch on the picnic.
With the intervening period having provided a wealth of data points and policy developments, including the momentous roll-out of the Goods and Servic...
If you pick up (A)/a starving dog (B)/and made him prosperous, (C)/he will not bite you (D).
A sentence has been divided into four parts, one of which may contain an error. Identify that fragment and mark it as your answer. Mark (E) if the sent...
It is not difficult to sense country’s displeasure, even granting its rough diplomat disposition.
Owing to the disturbing noise,( A)/ the speaker was forced (B)/ to adjourn the meetings.(C)/ No error (D)
1. Much of these organisms serve as food sources for bigger organisms, like fish.
2. Marine phytoplankton also fixes about half the carbon diox...