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CBSE - XII Commerce - Microeconomics - Production and Costs

What are the long run average costs and marginal costs curves?

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CBSE - XII Commerce - Microeconomics - Production and Costs

What is long run total cost curve (LTCC)?

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CBSE - XII Commerce - Microeconomics - Production and Costs

What should the firm’s fixed cost of production, when average variable cost is Rs 30 per unit, total cost of production is Rs 300 and only 2 units of production are produced?

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CBSE - XII Commerce - Microeconomics - Production and Costs

Find the AFC, AVC and MC from the table given below? Output Total Cost 0 20 1 40 2 70 3 110 4 120 5 150  

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CBSE - XII Commerce - Microeconomics - Production and Costs

How do the short run average cost, short run marginal cost and average variable cost curves look like?

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CBSE - XII Commerce - Microeconomics - Production and Costs

Why does the difference between average cost curve and the average variable cost curve gradually decline?

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CBSE - XII Commerce - Microeconomics - Production and Costs

Explain AFC with a diagram.

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CBSE - XII Commerce - Microeconomics - Production and Costs

What is an average cost?

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CBSE - XII Commerce - Microeconomics - Production and Costs

What are the difference between the fixed costs and the variable costs?

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CBSE - XII Commerce - Microeconomics - Production and Costs

What are fixed costs?

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CBSE - XII Commerce - Microeconomics - Production and Costs

What is cost function?

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CBSE - XII Commerce - Microeconomics - Production and Costs

What is Cobb-Douglas production function?

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CBSE - XII Commerce - Microeconomics - Production and Costs

What is cost of production?

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