The production cost that varies inversely with output is ...
The production cost that varies inversely with output is the
Total fixed cost
Marginal cost
Average fixed cost
Average cost
Correct answer is D
Average cost is directly proportional to the total cost of goods and inversely proportional to the number of goods, so average cost decreases when the number of goods increases.
The amount of money required for the day-to-day running of a business is known as ...
In an attempt to correct a deficit balance of payment, a country may decide to increase ...
Which of the following is NOT a function of marketing boards in Nigeria? ...
In Nigeria, the government can reduce the cost of accommodation by fixing the rent ...
The tax whose rate increases as the level of income increases is known as ...
Public debt is composed of ...
Foreign exchange control in Nigeria is administered by the ...
Balance of payments problem can be corrected through ...
If two commodities are unrelated, a change in the price of one will___________ ...