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AFC curve :...

AFC curve :

A

Touches the X-axis

B

Touches the Y-axis

C

Touches both `X`-axis and Y-axis

D

Does not touch either of the axes

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The correct Answer is:
D
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Explore conceptually related problems

Answer the following question: (i) Why does AFC curve never touch the X-axis ? (ii) Why does TVC curve start from origin? (iii) Why AC, AVC and MC curves are U-shaped ? (iv) Why are the gap between TC curve and TVC curve remains constant with rise in output ? (v) Why does AC curve lie above the AVC curve ? (vi) Why does TC curve and TFC curve start from the same point above the origin?

Why does the SMC curve cut the AVC curve at the minimum point of the AVC curve?

SANDEEP GARG-COST-Multiple Choice Qns
  1. In the short run, total cost curve starts from:

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  2. Identify the correct mathematical expression.

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  3. AFC curve :

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  4. As output arises:

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  5. A firm producing 6 units of output has average total cost ₹ 150 and ...

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  6. Which cost increases continuously with increase in production ?

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  7. Which of the following is true with respect to relationship between ...

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  8. A firm is has variable cost ₹ 1,000 at five units of output. If fixed...

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  9. Which is the following is a variable cost for a firm ?

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  10. A firm's average fixed cost (AFC) is ₹ 20 at six units of output. What...

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  11. Which of the following statement is true ?

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  12. "" cost refers to actual payment made by the entreneur to the provide...

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  13. The distinction drawan between fixed and variable costs is based on :

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  14. Which of the following is an example of "Implicit cost" ?

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  15. If a resource can be put only to particular use, then opportunity c...

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  16. If a Firm produces zero output in the short period, then :

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  17. With which of the following, the concept of marginal cost is closely r...

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  18. Initially, even when there is an increase in AVC, AC may still decline...

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  19. MC Curve cuts the AVC and ATC Curves :

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  20. The total cost at 5 units of output is ₹ 30. The fixed cost is ₹ 5. Th...

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