Question
Which one of the following is also known as Long run
average cost curve?Solution
The Long Run Average Cost (LRAC) Curve is also called the: Envelope Curve because: • It is formed by enveloping (touching) the minimum points of all possible Short Run Average Cost (SRAC) curves. • Each point on the LRAC corresponds to the lowest possible cost for producing a given output when all inputs are variable. Other options: • Basket Curve — No such concept in economics. • Wallet Curve — Not an economics term. • Production Possibility Curve — Shows maximum production combinations of two goods.
According to the reverse dictionary, which of the following word will come at the first position?
1- Garnish
2- Garden
3- Genuine
4- Gear
5- Genes
1. Flames
2. Finger
3. Figure
4. Fibers
5. Fiscal
Select the option that represents the correct order of the given words as they would appear in an English dictionary from left to right?
1- Mi...
Which of the following sequence represents the correct dictionary order of the following words?
1. Benin
2. Benignancy
3. Benignant...
Which of the following sequence represents the correct dictionary order of the following words?
1. Poor
2. Passage
3. Pointer
4. Past
5. Passenger
- Select the option that represents the correct order of the given words as they would appear in an English dictionary:
1. Transport
2. Transpa... Select the correct option that indicates the arrangement of the given words in the order in which they appear in an English dictionary.
1. Plot
- Which of the following sequences represents the correct English dictionary order of the following words?
1. Biology
2. Blessed
3. Bear... Arrange the given words as in a dictionary and tick the one that come Third.
- According to the reverse dictionary order, which of the following words will come first?
1. Apple
2. April
3. Appear
4. Apply
5. Approac...
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