Multiple Choice
Which cost is to be incurred by a firm even if output is zero:
A) Opportunity cost
B) Fixed cost
C) Variable Cost
D) Total cost
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q13: Change in demand due to change in
Q14: Indifference Approach is related with:<br>A)Marshall<br>B)J.R. Hicks<br>C)Samuelson<br>D)Sismondi
Q15: If the demand curve is linear and
Q16: For complementary goods, the cross elasticity of
Q17: The factor earning of entrepreneur is:<br>A)Rent<br>B)Wage<br>C)Interest<br>D)Profit
Q18: Commodities bought in larger quantities when income
Q20: The addition to the total revenue by
Q21: Which one of the following is an
Q22: Total Revenue is the maximum when Marginal
Q23: Strong ordering is a distinguishing feature of