Multiple Choice
Which of the following is a characteristic of capital as a factor of production?
A) It is fixed in supply
B) It never depreciates
C) It is a passive factor of production
D) It is an active factor of production
Correct Answer:
Verified
Correct Answer:
Verified
Q10: A firm maximizes profit if:<br>A)MRP = Wage
Q11: Which of the following is not a
Q12: Equilibrium in the factor market achieved at
Q13: Sometimes the supply curve of labour ends:<br>A)Downward<br>B)Upward<br>C)Backward<br>D)Firstly
Q14: The opportunity cost of a machine which
Q16: On which law of consumption the concept
Q17: Equilibrium conditions for factor market is<br>A)Demand for
Q18: Monopoly means<br>A)A single seller<br>B)A single buyer<br>C)Large number
Q19: The labour market equilibrium determines the wage
Q20: Under conditions of perfect competition in the