Start learning 50% faster. Sign in now
Get Started with ixamBee
Start learning 50% faster. Sign in nowStatement b is correct. If AR is less than AVC, then each unit of output has a revenue below its variable cost. In turn, total revenue is less than total variable cost, so the firm's loss would equal the gap between its total revenue and its total variable cost plus its total fixed cost. If the firm instead shut down and produced nothing, it would have a zero total revenue, and it would buy no variable inputs and so have a zero total variable cost. So its loss would only equal its total fixed cost.
According to the provisions of the Companies Act for the winding up of a company by the Tribunal, the Tribunal at the time of the passing of the order o...
Whether testimony of accomplice witness requires corroboration?
As per section 219 of CrPC when a person is accused of more offences than one of the same kind committed within the space of twelve months from the firs...
A makes an attempt to steal some jewels by breaking open a box, and finds after so opening the box, that there is no jewel in it. He has________________...
In 2020, the Ministry of Home Affairs constituted a committee to review the three codes of criminal law. Who was appointed as the head of this committee?
Whoever counterfeits, or knowingly performs any part of the process of counterfeiting, any currency-note or bank-note, shall be punished with___________...
As per the Code on wages, 2019 the Central Government shall fix floor wage taking into account __________ of a worker in such manner as may be prescribed
As per the provisions of the Registration Act, 1908, along with fingerprints, which of the following is required by every person to present any document...
Within how many years of marriage does a woman's death qualify as "Dowry Death" if caused under unnatural circumstances along with dowry-related harassm...
What are the unpaid seller rights under Sale of Goods Act?