Question
In a perfectly competitive market, a
firm’s long run supply curve isSolution
In a perfectly competitive market, a firm’s long run supply curve is the upward segment of its marginal cost curve which is above the lowest point of the average cost curve because at any point below the minimum of AC, the firm will shut down because price is below AC and it is incurring losses. In the long run, all costs are variable.
The goods those supply is less than demand & the goods those supply is greater than demand are called
Which method involves removing suspended foreign particles from milk through a straining process?
For newly born chicks for how many hours they should not be fed with anything?
Which parameter describes the soluble salts content in irrigation water and is measured in ds/m?
Which legume crop is best suited as a summer catch crop in northern India after harvest of wheat to utilize residual moisture?
Which pest of sugarcane is characterized by the symptom of internodes becoming constricted and shortened with multiple boreholes and frass in the nodal ...
Which action helps in minimizing damage caused by fruit-sucking moths to citrus fruits?
Seed certification in India is regulated by:
The genetic purity of the seed is tested by:
Which of the following rice cultivation methods is most water-use efficient and being increasingly adopted to address water scarcity?
