All the following curves are U-shaped except
A). AVC
B). AFC
C). AC
D). MC
AFC
All the following curves are U-shaped except AFC. The AFC curve is a rectangular hyperbola in the sense that all rectangles formed by AFC are of equal sizes. The AFC curve is asymptotic to both the axes. This means that it touches neither the horizontal axis nor the vertical axis.
2. Question 12:Can simple correlation coefficient measure any type of relationship?
3. Which of the following is not a feature of a capitalist economy?
8. Question 8:Mention some obstacles that hinder the mechanism of agricultural marketing.
9. Which law states that bad money drives good money out of circulation?
10. Who is called as the 'founding father of modern economics'?