TC=a+bQ is a ________________ Cost function
A) Cubic
B) Quadratic
C) Linear
D) None of these
Correct Answer:
Verified
Q1: The shape of average cost curve is
Q2: In the long - run there is
Q3: Which is the first derivative of the
Q5: When AC increases MC will_
A)increase
B)decrease
C)constant
D)None of these
Q6: Which of the following is not an
Q7: Autonomans demand is also known as _
Q8: When tax rate increase the supply of
Q9: The shape of a demand curve is
Q10: The demand curve for inferior good is
Q11: Unitary elasticity of demand is
A)Zero
B)Equal to one
C)Greater
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