A) The average cost curve of the firm is flatter
B) The firm has to bear the fixed and variable cost
C) It is difficult for the firm to change the supply
D) The firm has to bear most costs as compared to the short-run
A) The average cost curve of the firm is flatter
B) The firm has to bear the fixed and variable cost
C) It is difficult for the firm to change the supply
D) The firm has to bear most costs as compared to the short-run
A) Average production is greater than marginal production
B) Average production decreases
C) Total production decreases with increasing rate
A) Optimum factor combination
B) Addition to the stock of capital
C) Process of getting loans from banks
D) Depreciation of capital
A) All factors of production are variable
B) A new plant can be started
C) At least one factor of production is fixed
D) All factors of production are fixed
A) The cost of input, at different levels
B) The relationship between inputs and outputs
C) The technique of production in short run
D) The average production of firms
A) Three distinct rates of growth
B) Two distinct rates of growth
C) Fur distinct rates of growth
D) None of these