30 points
>
Time management is very much important in IIT JAM. The eduncle test series for IIT JAM Mathematical Statistics helped me a lot in this portion. I am very thankful to the test series I bought from eduncle.
Nilanjan Bhowmick AIR 3, CSIR NET (Earth Science)
- UGC NET
- Economics
(4)37ah ta 21. an increase in a firm's fixed cost will (1) change marginal cost but not total cost n oul fo nite and 2 changc both marginal and total costs (3)
(4)37aH TA 21. An increase in a firm's fixed cost will (1) change marginal cost but not total cost n oul fo nite and 2 changc both marginal and total costs (3) change variable cost but not marginal cost (4) change total cost but not marginal cost 22. The 'expansion path' is the locus of points of producer's equilibrium resulting when the (1) price of labour input changes (2) price of capital input changes (3) money outlay of the entrepreneur is varied (4) entrepreneur snits onto a higher isoquant
1 Answer(s)
Answer Now
- 0 Likes
- 1 Comments
- 0 Shares
-
![comment-profile-img]()
>
Do You Want Better RANK in Your Exam?
Start Your Preparations with Eduncle’s FREE Study Material
- Updated Syllabus, Paper Pattern & Full Exam Details
- Sample Theory of Most Important Topic
- Model Test Paper with Detailed Solutions
- Last 5 Years Question Papers & Answers
Sign Up to Download FREE Study Material Worth Rs. 500/-
Nidhi taparia Best Answer
21. The answer is (4). Fixed costs only affect total costs and not marginal costs. This is because marginal cost by definition is the change in total cost witu respect to a change in production levels and fixed costs do not change with production levels.