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.
Which of the following is true about making of an arbitral award?
Under Indian Penal Code. 1860, when the imprisonment awarded for solitary confinement shall exceed three months, the solitary confinement shall not exce...
What is an "acceptor for honour" in the context of a bill of exchange?
Is there any condition restraining alienation in Transfer of Property Act?
Every prior party to a negotiable instrument is liable thereon to a holder in due course.
A Private company can issue shares through___________
The RTI Act is applicable to which of the following ___________
Does Indian Evidence Act, provide for questions that are lawful to be asked in cross-examination? If yes, under which section?
Which of the following is not true about powers of a president to promulgate an ordinance?
As per the Contract Act what is the liability of person to whom money is paid, or thing delivered, by mistake or under coercion?
