State the difference between Average Fixed Cost and Average Varia… - Vidyadip

Question

State the difference between Average Fixed Cost and Average Variable cost.

✓

Answer

swa

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 "3 Marks Each" from Cost Of Production and Concept of Revenue→Cost Of Production and Concept of Revenue — all question types→Economics STD 11 Commerce question papers→Gujarat Board STD 11 Commerce question papers→Gujarat Board question paper generator→

Similar questions

Discuss Merits and Demerits of Balanced Budget

State objectives of economic policy reforms of India.

Examine the post independent growth of agriculture, industrial and service sector.

Discuss the difference between expansion – constriction and increases – decreases in demand

Write a short note on Progress of Railways in India.

Give the meaning of factors of production with examples.

Give details of the income and expenditure sides of the capital account of a state budget.

Explain: According to Pandit Deendayal limited consumptions the solution to major economic problems.

Clarify the meaning of Oligopoly.

	1950-51	1990-91	2000-01	2014-15 (P)
Agriculture and allied activities	53.1	29.6	22.3	17.6
Industries	16.6	27.7	27.7	29.7
Services (excluding constuction)	30.3	42.7	50.4	52.7

Source : Economic Survey (2014-15)

(1) What does the table represent?
(2) How has the contribution of agriculture to the Indian economy changed over time?
(3) Which sector has seen the largest increase in its contribution to the economy?

→