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In case of fixed cost unit, the quantity of output is measured: I. On the horizontal axis II. On the vertical axis III. On the cross axis
Question

In case of fixed cost unit, the quantity of output is measured:
I. On the horizontal axis
II. On the vertical axis
III. On the cross axis

A.

Only III

B.

Only I

C.

All I, II, and III

D.

Only II

Correct option is B


In economics, the quantity of output is typically represented on the horizontal axis when analyzing cost-output relationships.

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