Download App

Production and cost — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsProduction and cost1 Mark
Question
Fixed Cost exists in the long-run. Do you agree?
✓

Answer

No, there are no Fixed Costs in the long-run as all the factors are variable. Fixed cost exists only in the short-run.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "1 Marks Question" from Production and cost→Production and cost — all question types→Economics STD 11 Commerce question papers→CBSE Board STD 11 Commerce question papers→CBSE Board question paper generator→

Similar questions

How much is total utility at zero level of consumption?
→
Explain the effect of cost saving technological progress on supply of a commodity.
→
Why MP curve lies above AP curve and eventually cuts AP at its maximum point?
→
Does production take place only on PPC?
→
Give two examples of variable costs.
→
Whether the cotton textile industry is an example of micro or macro economics?
→
A producer borrows money to run a business but manages the business himself. Identify implicit cost.
→
Define utility.
→
Define marginal revenue.
→
In which market form, there is a need for selling/ advertising costs?
→