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.Management Sciences
A. slope up to the right
B. are U-shaped
C. slope down to the right
D. slope down to the right and then level off.
Related Mcqs:
- Which of the following is most likely to be a variable cost for a firm ?
- A. The franchiser’s fee that a restaurant must pay to the national restaurant chain B. The payroll taxes that are paid on employee wages. C. The monthly rent on office space that it leased for a year D. The interest payments made on loans....
- Engineers for the All-Terrain Bike Company have determined that a 15% increase in all inputs will cause a 15% increase in output Assuming that input prices remain constant, you correctly deduce that such a change will cause ________ as output increases?
- A. average costs to remain constant B. average costs to decrease C. average costs to increase D. marginal costs to increase...
- An industry that realizes such large economies of scale in producing its product that single-firm production of that good or service is most efficient is called ?
- A. a fixed cost monopoly B. a natural monopoly C. a government franchise monopoly D. a economies of scale monopoly...
- A firm in perfectly competitive industry is producing 50 units, its profit-maximising quantity. Industry price is £2 and total fixed costs and total variable cost are £25 and £40 respectively. The firm’s economic profit is ?
- A. £35 B. £15 C. £30 D. £60...
- An industry that has a relatively small number of firms that dominate the market is called ?
- A. a colluding industry B. a merged industry C. a concentrated industry D. a natural monopoly...
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