Statement b is false, because the SMC and MVC curves actually coincide. MVC shows the change in a firm's total variable cost if its output changes by one unit, while SMC shows the change in its short-run total cost if its output changes by one unit. Now, in the short-run, if a firm changes its output by one unit, it can change the quantity of the variable inputs it uses but not the quantity of the fixed inputs, so the change in its total cost equals the change in the cost of its variable inputs.
"Laho dance" is traditionally performed in which Indian state?
The Asian Development Bank (ADB) has entered a pact with the government of India to provide a loan of USD 250 million (around Rs 1,872 crore) for ______...
Recently 7th edition of Rashtriya Sanskriti Mahotsav has been inaugurated in:
Which of the Following Famous temple is not located in Tamil Nadu?
Athlete's foot is caused by which type of organism?
The folk dance of Lakshadweep is?
Which place in the country is famous with the name 'Palace of Winds'?
Which of the following is a tributary of the river Ganga?
Which of the following statements is incorrect in regards to 'The Charter Act of 1813':
The 92 year old Ardhendu Bhushan Bardhan passed away on 2 January 2016, he was famous?