The cost that cannot be recovered once spent

Related MCQs

• If you know that with 8 units of output, average fixed cost is Rs. 12.50 and average variable cost is Rs. 81.25, then total cost at this output level is:
• If in an economy, out of every additional Rs.100 of national income, Rs.20 is taxed, Rs.20 is saved, and Rs.10 is spent on imports, then the value of multiplier is:
• If a firm’s average cost is Rs.32 at 6 units of output and Rs.34 at 7 unit, which one among the following is the marginal cost of producing the 7th unit
• The Long run Average Cost curve (LAC) in modern cost theory is roughly
• The difference between GNP at Factor Cost and NNP at Factor Cost is:
• Which would be an implicit cost for a firm? The cost:
• The saucer-type of modern Short run Average Variable Cost (SAVC) represents
• Under increasing returns to scale, which of the following is the nature of the long run average cost curve?
• Implicit cost of a factor of production is determined by its
• Economic cost include both