31. Which cost increases continuously with the increase in production?
32. A factor of production, whose supply is fixed in the short run, may get additional earnings. These earnings are generally referred to as
33. A factor of production, whose supply is fixed in the short tun, may get additional earnings. These earnings are generally referred to as
34. The necessary condition for equilibrium position of a firm is
35. In May 2013, firm was supplying 500kg of sugar at market price of Rs.30/- per kg. During June 2013, firm's supply of sugar had decreased to 450kg at price of Rs.20/- per kg. These changes show that supply of sugar is
36. Which of the following cost curves is never U-shaped?
37. The classical theory explained interest as a reward for
38. When a competitive firm achieves long run equilibrium, then,
39. What best explains a shift in market supply curve to the right?
40. Total costs in the short-term are classified into fixed costs and variable costs. Which one of the following is a variable cost?
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