The production cost that varies inversely with output is ...
The production cost that varies inversely with output is the
Total fixed cost
Marginal cost
Average fixed cost
Average cost
Correct answer is D
Average cost is directly proportional to the total cost of goods and inversely proportional to the number of goods, so average cost decreases when the number of goods increases.
If two commodities are unrelated, a change in the price of one will___________ ...
An increase in the discount rate is an indication of a central bank's intention to pursue ...
One of the factors which is likely to check the growth of public debt is ...
An exceptional demand is one in which ...
Labour can be efficient when there are ...
External economies occur when ...
A budget with a projected revenue in excess of its expenditure is said to be ...
In a rapidly growing economy, a change in technology which is labour saving is likely to cause ...