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Relationship Between Tc And Mc...

Relationship Between Tc And Mc

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RADHA BHUGANA-CONCEPTS OF COST-SHORT ANSWERS
  1. Relationship Between Tc And Mc

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  2. Distinguish between fixed and variable costs

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  3. Explain the meaning of opportunity cost with an example

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  4. Explain the relationship between marginal cost and average cost of a f...

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  5. Explain the relationship between average total cost curve, average var...

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  6. Given the total fixed cost is Rs. 90, complete the following table.

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  7. Given the total fixed cost is Rs. 30, complete the following table.

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  8. Why is short run marginal cost curve 'U'-shaped?

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  9. What changes will take place in average cost if marginal cost is risin...

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  10. Explain the relationship between marginal cost and average variable co...

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  11. Complete the following table:

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  12. Complete the following table:

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  13. Distinguish between (i) fixed cost and variable cost giving example...

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  14. Complete the following table

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  15. Complete the following table

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  16. State the distinction between explicit cost and implicit cost. Give an...

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  17. Define marginal cost. Explain its relations with average variable cost...

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  18. Define variable cost. Explain the behaviour of total variable cost as ...

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  19. Giving examples, explain the meaning of cost of cost in economics.

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  20. Why does MC curve cut the AC curve at its minimum?

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