Showing 11 of 11 (Results for all questions)

1 (2)

Distinguish between fixed cost and variable cost.

2 (1)

Present short run average cost curves in a diagram.

3 (1)

Why does Average Fixed Cost (AFC) decrease continuously?

4 (4)

Write the meaning of variable cost.

5 (3)

What is fixed cost?

6 (2)

Define marginal cost.

7 (1)

What is short run cost?

8 (1)

What is total fixed cost?

9 (1)

Show marginal cost curve in a diagram

10 (1)

What is opportunity cost?

11 (1)

If AC and AVC are Rs. 30 and Rs. 20 respectively. Calculate TFC at output of 10 units. Why is the short run average cost curve U-shaped? Give reasons.

Ans: 100