Multiple Choice
The cost expressed not in terms of money but in terms of efforts of workers undergone for making the commodity
A) opportunity cost
B) real cost
C) sacrifice cost
D) implicit cost
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q9: Cardinal utility analysis to consumer equilibrium was
Q10: The U shape of the LAC reflects<br>A)law
Q11: A production possibility curve is concave to
Q12: The cost that cannot be recovered once
Q13: Economic cost include both<br>A)explicit cost and implicit
Q15: Implicit cost of a factor of production
Q16: The shape of TVC and TC are<br>A)rectangular
Q17: The MC curve cuts the AC curve
Q18: Under increasing returns to scale, which of
Q19: The minimum point of ATC is at