Average fixed cost is
Never becomes zero
Curve never touches x - axis
Curve never touches y - axis
All the above
If marginal cost is positive and falling
Total cost is falling
Total cost is increasing at a falling rate
Total cost is falling at a falling rate
Total cost is increasing at an increasing rate
_________ cannot be changed in the short period .
Fixed Cost
Production Cost
Total Cost
Variable Cost
If total units sold of the commodity are multiplied by the cost per unit of the commodity we shall get
Average Revenue
Total Revenue
Marginal Revenue
Profit
Price equals
Total revenue - Quantity
Total revenue/Quantity sold
Total quantity sold × Quantity sold
Total revenue/Total cost
