A major characteristics of a firm operating at a long-run...
A major characteristics of a firm operating at a long-run equilibrium position is that
All costs can be varied
Average variable cost is fixed
Fixed cost can not be changed
Marginal cost is fixed
Only variable cost changes
Correct answer is A
No explanation has been provided for this answer.
Exclusions that makes Gross National Product a poor measure of welfare are ...
An increase in marginal propensity to save will lead to ...
In order to increase revenue, government should tax commodities for which demand is ...
A fall in national output will necessitate ...
In Nigeria, unemployment can be minimized through______? ...