Question
Which of the following statements about a
firm's average cost curves is false?Solution
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.
In which of the provisions of Evidence Act, electronic record has been made admissible as evidence?
Who can be appointed as an inspector?
What is the default amount for initiating the CIRP as provided under the IBC?
Contract for sale as under s. 54 of the TP Act, 1882 provides for_______.
An acceptor or indorser of negotiable instrument is bound by his acceptance or indorsement
Under what condition can a court publish a written proclamation requiring a person to appear, specifying a time frame?
Who has the right to seek information under the RTI Act?
An amendment to the constitution is__________.
Equal Justice and Free Legal Aid. This is a …
Under the Contempt of Courts Act an appeal shall lie as of right from any order or decision of the High Court in the exercise of its jurisdiction to pun...
