Multiple Choice
Which of the following is irrelevant for rational decision making?
A) Total variable cost (TVC)
B) Explicit cost.
C) Average fixed cost (AFC) .
D) Marginal cost (MC) .
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q1: The short run as the term is
Q2: Costs incurred only when production occurs are
Q3: If labour is the only variable resource
Q4: When both average and total product are
Q5: Diminishing marginal returns are most compatible with:<br>A)Economies
Q7: The total product curve may initially show
Q8: Which of the following statements describes the
Q9: Economies of scale exist if:<br>A)As the amount
Q10: Which of the following statements describes increasing
Q11: In economic theory the costs of a