For a firm to break even in the long run, the marginal cost curve must cut the
Average variable cost curve at its higest point
Average cost cure at its lowest point
Average cost curve at its lowest point
Total cost cure at its lowest point
Correct answer is C
No explanation has been provided for this answer.
Diminishing returns to scale
Returns to scale
External economies of scale
Economies of scale
Correct answer is B
No explanation has been provided for this answer.
The distinction between onshore and offshore operations in oil exploration lies in the
Location of sites
Output generated
Size of production
Techniques of production
Correct answer is A
No explanation has been provided for this answer.
Agricultural backward-linkage effect means the establishment of
Subsidiary industries to increase the number of industries
Main industries to increase output
Industries to reduce imports
Subsidiary industries to feed the main industry
Correct answer is D
No explanation has been provided for this answer.
48%
64%
40%
52%
Correct answer is B
No explanation has been provided for this answer.