+91-8076753736 [email protected]

-->

Production And Costs

Question

Wired Faculty App

Can there be fixed cost of a firm in the long run?

Solution

There cannot be fixed cost in the long run because there are no fixed factors since all factors are variable.

Some More Questions From Production And Costs Chapter

Due to improvement of technology, marginal costs of production of televisions have gone down. How will it affect the supply curve of television?

What effect does a cost saving technological progress have on supply curve?

What effect does an increase in input price have on supply curve?

What effect does an increase in excise tax have on supply curve of product?

If a farmer grows rice and wheat, how will an increase in price of wheat affect supply curve of rice?

What is meant by market period?

How will an increase in number of firms shifts the market supply curve?

What is the shape of supply curve during very short (market period)?

What is the shape of supply curve during short or long period?

What is the price elasticity associated with a straight line supply curve passing through the origin?

Mock Test Series

Mock Test Series

NCERT Sample Papers

Entrance Exams Preparation