info@avatto.com
+91-9920808017
11. Consumer's surplus is the highest in the case of
Necessities
Luxuries
Comforts
Conventional necessities
Your email address will not be published. Required fields are marked *
Report
Name
Email
Website
Save my name, email, and website in this browser for the next time I comment.
Comment
12. A concept which has importance in the equilibrium analysis and thus economic analysis is
Opportunity cost
TFC
AFC
MC
13. The LAC curve
Goes through the lowest point of the LMC curve
Rises when the LMC curve rises
Falls when the LMC curve falls
Falls when LMC LAC
14. If the ATC curve is a rising straight line, then as output expands, the MC curve will
Both will be the same
Lie below the ATC curve
Lie above the ATC curve
Any of the above
15. The term optimum allocation on consumer's expenditure on various goods and services is used in
Giffen paradox
Law of demand
Law of equi-marginal utility
Law of diminishing marginal utility
Login with Facebook
Login with Google
Forgot your password?
Lost your password? Please enter your email address. You will receive mail with link to set new password.
Back to login
