What is the behaviour of average fixed cost as output increases?

Subject

Economics

Class

CBSE Class 12

Pre Boards

Practice to excel and get familiar with the paper pattern and the type of questions. Check you answers with answer keys provided.

Sample Papers

Download the PDF Sample Papers Free for off line practice and view the Solutions online.
Advertisement

 Multiple Choice QuestionsShort Answer Type

1.

Give meaning of an Economy.

1704 Views

2.

What is market Demand?

442 Views

Advertisement

3.

What is the behaviour of average fixed cost as output increases?


Average Fixed Cost refers to the fixed cost per unit of output produced. It is derived by dividing the Total Fixed Cost by total quantity of output produced. When the output increases, average fixed cost decreases.

885 Views

Advertisement
4.

What is the behaviour of average revenue in a market in which a firm can sell more only by lowering the price?

661 Views

Advertisement
5.

What is a price taker firm?

533 Views

6.

What is opportunity cost? Explain with the help of a numerical example.

1384 Views

7.

Given price of a goods, how does a consumer decide as to how much of the good to buy?

4732 Views

8.

Draw Average Variable Cost, Average Total Cost ad Marginal Cost curves in a single diagram.

647 Views

Advertisement
9.

An individual is both the owner and the manager of a shop taken on rent. Identify implicit cost and explicit cost from this information. Explain.

854 Views

10.

Explain the implication of large number of buyers in a perfectly competitive market.

 

1758 Views

Advertisement