The opportunity cost of a factor of production is -

Related MCQs

• Opportunity cost of production of a commodity is -
• When average cost production (AC) falls, marginal cost of production must be -
• Any factor of production can earn economic-rent, when its supply will be -
• The demand of a factor of production is
• Minimum payment to factor of production is called -
• The demand of a commodity is a direct demand but the demand of a factor of production is called a -
• The demand for two or more commodities or factor of production that are used together so that a change in demand for one will be reflected in a change in demand for other e.g., cloth and thread is called
• Cost of production of the producer is given by:
• The fixed cost on such factors of production which are neither hired nor bought by the firm is called -
• If average cost falls, marginal cost -