Question
Which of the following statements about a
firm's average cost curves is false?Solution
Statement a is false. A rise in the price of a fixed input increases a firm's total costs, even though it cannot alter the quantity of this input that it uses in the short run. As its total cost for each output level increases, the average cost of each output level increases, so its SAC curve shifts upwards.
The experience has made him generally hostile _____________ people.
In the questions given below, a blank has been provided for each and needs to be filled with the appropriate word. Choose the best option among the giv...
All of this is making the world a very difficult place for hundreds of millions of rural people who do not enjoy the advantage of a level playing field,...
Select the most appropriate option to fill in the blank
It means staying ___________ with emerging technologies and latest technology trends....
Each question below has two blanks, which is indicating that something has been omitted. Choose the most suitable option indicating the words that can ...
Fill in the blanks using appropriate forms of the words given in brackets from the choices given below them.
She found herself given over ___to s...
Choose the most suitable option to fill in the blanks in the sentences below.
The restaurant I had dinner at ___________ expensive, but the foo...
The paper ____________ an urgent shake-up in the system for looking after the elderly.
The US President called for a ban on assault weapons and tighter gun control measures as he stepped into the familiar role of grief counsellor for a ___...
That said, courts must avoid ____________ such power to look over the shoulder of business as a counsel of perfection.        Â
...
