In which of the following cases cost elasticity will be more-09395
In which of the following cases, cost elasticity will be more than one?
This multiple choice question (MCQ) is related to the book/course vu eco404 Managerial Economics. It can also be found in vu eco404 Final Term - Quiz No.3.
In which of the following cases, cost elasticity will be more than one?
When percentage change in cost is less than the percentage change in output
When percentage change in cost is greater than the percentage change in output
When percentage change in cost is equal to the percentage change in output
When percentage change in cost is less than the percentage change in input