Download App

Cost Of Production and Concept of Revenue — Economics STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceEconomicsCost Of Production and Concept of Revenue2 Marks
Question
What is average variable cost? How is the average variable cost ?
✓

Answer

  • The average variable cost acquired by dividing variable cost to units of production. The average cost curve diminishing in the beginning and its expanding trend after getting optimum level,

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 "2 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

Explain the circulars flow of national income.
→
When production, stock and supply are same ?
→
Give a short explanation about Foreign Institutional Investment.
→
What is Monopolistic Competition?
→
What are the main components of a market ?
→
From the viewpoint of entry mention the position of various markets.
→
Explain the reasons which compelled India to adopt reforms in $1991.$
→
What is the difference between law of demand and Price elasticity of demand?
→
Explain meaning of inter-dependence.
→
Explain the relation between national income and per capita income.
→