Question
Which of the following curves is typically inverted
‘U’ shaped?Solution
The average cost curve is typically U-shaped due to initially decreasing costs with increased production, followed by rising costs due to diminishing marginal returns.
More Economics Questions
Book value of durable assets refers to:
What is/are the effects of heavy metals on soil?
Urea is constituted by:
The trade name of Alachlor is
Plate form test for milk does not include
Grapes contain which of the following acids?
Which physiological disorder may occur when the reproductive parts of the rose flower are absent or aborted?
Magnesium is an important constituent of :
Colt and Paja are rootstock of which crop?
Amrapali is a cross of ………………
Relevant for Exams:
