Question
The "Output Elasticity of Total Cost" (Ec) is defined as
the ratio of Marginal Cost to Average Total Cost (MC/ATC). If Ec < 1, the firm is experiencing:Solution
If MC is less than ATC (making the ratio < 1), the ATC curve must be falling. A falling average cost as output increases is the definition of Economies of Scale. Conversely, if Ec > 1, the firm faces diseconomies.
Each sentence given below has a blank. Choose the most appropriate word from the options that best fits the context of the sentence.
Despite ea...
The building that we came across while travelling today was ___________.
 (A) cracked                       (B)ruined�...
Turning around a __________ ship is never easy.
(A) large
(B) small
(C) tiny   Â
(D) huge   Â
Fill in the blank/s with suitable Word/s:
The company will _________ a new product and _________ it in international markets.
1) tremendously
2) high
3) lowly
4) downwardly
5) tensed
In the question given below, two sentences are given with one blank each. From the given answer choices, choose the option which contains the word that...
_______ you leave now, you will be late.
Fill in the blank with the most appropriate phrase.
Due to the network issue, the call suddenly got____.
When they found out their secret plan had been exposed, they realized someone had _______.
Each of the following sentences has two blanks. Choose the most appropriate pair of words from the five given options to fill the blanks so that the se...
