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The costs which increase with the increase in output and decrease with the decrease in output, are called
The costs which a firm bear only in case of producing commodities
Average fixed cost
When average cost falls, marginal cost is – – – – – – average cost
None of three
When total revenue is maximum, marginal revenue is
When production of a firm increases then total variable costs
Do not change
Under monopoly average revenue curve remains the marginal revenue curve
None of these
Total expenditures which a firm bear to produce a particular quantity of output
Average fixed cost
Which one of the following represents fixed cost
Price of raw material
Wages of permanent labour
Dividing total costs by the units of output is attained
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