MCQ
The Marginal Cost curve is ……………………..
- AV-shaped
- BUpward
- CDownward
- ✓U – shaped
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| a) | Unitary elastic supply | 1) | Es =0 |
| b) | Relatively inelastic supply | 2) | Es =1quad |
| c) | Perfectly inelastic supply | 3) | Es < 1 |
| d) | Perfectly elastic supply | 4) | Es =alpha |