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Producer Behavi...

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  • Question 1
    1 / -0

    Marginal Revenue is

  • Question 2
    1 / -0

    Variable costs vary with output because

  • Question 3
    1 / -0

    Average cost is derived by

  • Question 4
    1 / -0

    Explain the relationship TC, TFC & TVC.

  • Question 5
    1 / -0

    Diagrammatically AC has a U shape. The statement is

  • Question 6
    1 / -0

    The relationship between AC & MC is

  • Question 7
    1 / -0

    AFC curve never touches ‘x’ axis though it lies very close to x axis because

  • Question 8
    1 / -0

    AVC and AFC always lie below AC because

  • Question 9
    1 / -0

    TVC curve starts from origin as

  • Question 10
    1 / -0

    When TVC is zero at zero level of output, TFC

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