The short run marginal cost curve is ____ shaped.

More Questions from Indian Economy

• In a centrally planned economy, the ____________ plans all the important activities in the economy.
• _________ says that the marginal product of a factor input initially rises with its employment level. But after reaching a certain level of employment, it starts falling.
• The ________ curve represents the demand of all consumers in the market taken together at different levels of the price of the good.
• For a price taking firm, average revenue is ______ market price.
• Calculate a country's GDP if for the year, consumer spending is $400 million, government spending is $150 million, investment by businesses is $80 million, exports are $35 million and imports are $40 million.
• Economics assumes that
• At the equilibrium price
• Which of the following best defines free trade?
• As per the data released by the IncomeTax Department in December 2017, how much percent of total population paid income tax in the assessment year 201516?
• If price of an article decreases from Rs 100 to Rs 80, when quantity demanded increases from Q1 units to 4600 units, and if point elasticity of demand is 0.75 find Q1?

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