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Statement a is false. A rise in the price of a fixed input increases a firm's total costs, even though it cannot alter the quantity of this input that it uses in the short run. As its total cost for each output level increases, the average cost of each output level increases, so its SAC curve shifts upwards.
Which state received the GI tag for Pashmina Wool in 2023-24?
Tropical cyclones originate over which of the following regions?
If CORRUPTION is coded as 9 and ALLEGATIONS as 10, then what is the code for INCREASING?
Which bank has recently launched its first virtual credit cards ‘PIXEL Play’ and ‘PIXEL Go’?
Who was the first Indian to win the Nobel Prize?
Ottawa is the capital of which country?
Assertion (A): India surpassed Japan to become the third-largest metro network in 2022.
Reason (R): India has achieved a milestone of 1000 km ope...