Engineers for Imran Bike Company have determined that a 15% increase in “all” inputs will cause a 15% increase in output. Assuming that input prices remain constant, you correctly deduce that such a change will cause __ as output increases.

(A) Long-run average costs to increase
(B) Long-run marginal costs to increase
(C) Long-run average costs to remain constant
(D) Long-run average costs to decrease

»Important Links:

Latest Jobs in PakistanGovt Jobs in PakistanPrivate Jobs in Pakistan
NTS JobsPPSC JobsFPSC Jobs
Teaching JobsNADRA JobsBank Jobs
English McqsGeneral Knowledge McqsPak Studies Mcqs
Current Affairs McqsCurrent Affairs Mcqs PDFCurrent Affairs of Pakistan
Books PDFNotes PDFIslamic Studies Mcqs

Leave a Reply

Your email address will not be published. Required fields are marked *

error: Content is protected !!