Producer Behavi...

AC curve is _______________ by the law of variable proportions.

TVC curve starts from origin as:

The statement "Supply creates its own demand" is given by:

A firm comes to the point of shutdown when________.

In the long run TPP changes with the change inwhich of the following factors:

AFC curve never touches ‘X’ axis though it liesvery close to X axis because:

A firm makes ______ at the break-even point.

A supply schedule is best defined as:

The relationship between AC & MC is:

Which cost is calculated by dividing total variable cost by the number of units of output?