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The shape of Marginal Cost (MC) is ________
When a producer gets 100 crore from the sale of 10 units of goods. When he sells an additional unit, his total revenue becomes 109 crore. The marginal revenue in this cases is :
Fixed costs are known as _________.
Even if the firm wants to produce one unit, it must incur ________ cost.
Total fixed cost
Total variable cost
Total transaction cost
When MR is positive, the TR __________
Increases with an increases in input,
Decreases with an increase in output
increases with an increases in output
None of these
The other names of fixed cost are ________.
All of these
When output is zero, total variable cost would be _________.
TR curve under perfect Competition, must go through origin due to __________.
Zero output TR is zero
Zero output TR is one
one out put TR is one
none of these
Average cost is estimated by _________.
Total cost plus number of units
Total cost divided by number of units
Total cost minus number of units
Total cost multiplied by number of units
The sum of explicit cost and implicit cost including profit is known as _______.
None of these
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Plus 2 Humanities
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