The total amount of physical capital in the economy or in a firm or industry is termed as

Related MCQs

• The difference between the amount produced by a firm and the higher amount that could most efficiently be produced is termed as:
• The part of the economy in which economy activity is carried on by private enterprise is termed:
• The reduction in the useful life of a capital good or consumer good through economic or technological change as distinct from physical deterioration in use is termed as:
• If the average total cost is Rs.54, total fixed cost is Rs.45000 and quantity produced is 2500 units, find the average variable costs (in Rs.) of the firm -
• Under perfect competition, the industry does not have any excess capacity because each firm produces at the minimum point on its -
• Capital formation in an economy depends on -
• The measure of the total flow of goods and services produced by the economy over a specified time period, normally a year or a quarter is referred to as
• The addition to total cost by producing an additional unit of out-put by a firm is called -
• The sum total of incomes received for the services of labour, land or capital in a country is called
• The situation in which total revenue is equal to total cost, is known as -