Relationship between AP and TP.
the total fixed cost, total variable cost and total cost of a firm?
How are they related?
What causes a downward movement along a supply curve of a commodity?
why is the short-run average cost curve U- shaped ?
Which factor leads to shift of PPC?
does supply of a good depend on price of related goods?if yes,then how? please give a graph
please give me graphical representation of returns to scale.
the SMC curve cut the AVC curve at the minimum point of the AVC
can a PPC show a convex curve? explain?
Explain the likely behaviour of total product and marginal product when only one input is increased while all other inputs are kept unchanged.
Giving reasons state the following statements whether true or false:-
(i) When there are diminishing returns to a factor total product always decreases
(ii) Total product will increase only when marginal product increases
(iii) Increase in total product always indicate that there are increasing reaturns to a factor
(iv) When there are diminishing returns to a factor, both always falls.
Explain the relationship between TC,TVC ,TFC?
Why is average total cost greater than average variable cost?
Why rising portion of MC curve is supply curve of firm??
what do you mean by the rational producer?????????
I don't understand the relation between AC and MC or AP and MP
Especially the part where it says when MC > AC or MC < AC etc..
Please help me out :D
why average fixed cost never touch at x-axis and y-axis?
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