Economics · Theory of Cost
Which of the following statements in Economics is NOT correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1In the long run, all inputs are fixed.✓
- 2Short-run marginal cost, average variable cost, and short-run average cost curves are 'U'-shaped.
- 3Average fixed cost curve is downward sloping.
- 4Total cost is the sum of the total variable cost and the total fixed cost.
Correct answer
In the long run, all inputs are fixed.
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Theory of Cost MCQs →Want more practice questions on Theory of Cost?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Theory of Cost