Managerial Economics and Ethics - Managerial Economics MCQ

16. The lowest point of the TC curve is

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17. Any straight-line supply curve which cuts the X-axis will have

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18. When the law of diminishing returns begins to operate the TVC curve begins to

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19. MC is given by

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20. In short-run, a firm would remain in business as long as which one of the following costs are covered?

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