In long-run
A) all inputs are fixed
B) all inputs are variable
C) some inputs are fixed and some are variable
D) none of the above
Correct Answer:
Verified
Q1: In short-run
A)all inputs are fixed
B)all inputs are
Q3: The variable cost of a firm vary
Q4: Law of variable proportions is concerned with
A)long-run
Q5: The 'point of inflection' come in which
Q6: A rational producer will select his level
Q7: Total product reaches at maximum when
A)mp is
Q8: Returns to scale refers to the production
Q9: In the case of diminishing returns to
Q10: Increasing returns to scale occurs due to
A)division
Q11: The cause for diminishing returns to scale
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