In the diagram below, the curve which represents firm's short-run average variable cost is curve
I
II
III
IV
Correct answer is C
No explanation has been provided for this answer.
From the diagram above, the quantity of output is determined by the point
M
N
H
F
Correct answer is D
No explanation has been provided for this answer.
The movement of curve I to ll suggests
An improvement in capital goods technology but not in consumer goods technology
A movement from unemployment to full employment
That the output for the society has declined
A gain in consumer goods technique and not in capital goods technique
Correct answer is A
No explanation has been provided for this answer.
The current stage of the economy is depicted in curve 1. Point P suggests that the economy is
Reaching full employment but not full production
Attaining full production but not full employment
Under capitalized
Attaining both full employment and full production
Correct answer is A
No explanation has been provided for this answer.
Totally by the consumer
Totally by the producer
Equally by both the consumer and the producer
By the the government
Correct answer is A
No explanation has been provided for this answer.
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