Average fixed cost curve is actually a ................... curve:

Calculate total cost of production for producing 100 vases ?

When output increases with smaller proportion compare to increase in inputs, this return is called?

1. Decreasing Return to scale
2. Increasing Return to scale.
3. Constant Return to scale.
4. Incremental Productivity.

Which of the following statements are true with regard to the production?

(A) In the short run, at least one of the factors of production remains fixed.

(B) In the long run, all factors of production can be varied.

(C) A period can be defined as long run or short run simply by looking at whether all the inputs can be varied or not.

(D) In the long run, factors of production can be classified into fixed and variable

Chronologically, arrange the following statements in the context of shape of AP curve.

(A) MP starts falling, the AP continues to rise as long as MP remains higher than AP.

(B) At the first level of output, the MP and the AP are the same.

(C) MP fall sufficiently, its value becomes less than the AP and the AP also falls.

(D) MP rises, AP being the average of marginal products, also rises, but rises less than MP.

Choose the correct answer from the options given below:

When the average cost is rising, then.

Which of the following is true regarding supply of a commodity?

(A) Technological progress leads to a decrease in the supply of a commodity.

(B) When the price of inputs rises, the supply curve of the good shifts to the left.

(C) Technological progress shifts the supply curve of the firm to the right.

(D) Imposition of a unit tax on a firm shifts the supply curve of the goods produced by the firm to the left.

Choose the correct answer from the options given below: