Short Run Shutdown Condition

Q.

What does the L shaped indifference curve represent?

Q. ______ are those cost which do not change with change in output.

1. Variable cost
2. Fixed cost
3. Semi-fixed cost
4. Semi-variable cost

Q.

At what rate percent will a sum treble itself in $20years$?

Q.

Which of the following is not a common adjustment to the purchases account?

1. Costs incurred getting an item to the merchandiser

2. Items that arrive damaged or otherwise unacceptable to the merchandiser

3. Costs of goods sold

4. Discounts for early payment