The shut-down point for a firm in the short run is the output at which
The pricr of the product is lowest
Marginal Cost is constant
Average Variable Cost is not covered
Average Cost is minimum
Correct answer is C
No explanation has been provided for this answer.
Industrial capital
Social capital
Fixed capital
Circulating capital
Correct answer is D
No explanation has been provided for this answer.
In the history of Economic Thought the concept of Division of labour is usually associated with
David Richardo
J.M. Keynes
Adam Smith
Karl Marx
Correct answer is C
No explanation has been provided for this answer.
Wages
Rent
Interest
Profit
Correct answer is B
No explanation has been provided for this answer.
Efficiency of labour is enhanced by
Average Total Cost less the sum of Varriable Cost
Half the sum of all costs
Total Fixed Cost divided by the the level of output
Total Fixed Cost plus Marginal Cost
Correct answer is C
No explanation has been provided for this answer.