The cost expressed not in terms of money but in terms of efforts of workers undergone for making the commodity

Related MCQs

• Relation between price of a commodity and demand for another commodity is measured by:
• If the supply curve of the commodity is having a positive slope, a rise in the price of the commodity, results in:
• A fall in the price of the commodity whose demand curve is a rectangular hyperbola causes total expenditure on the commodity:
• An increase in the price of the commodity when demand is inelastic causes the total expenditure of consumers of the commodity to:
• A negative income elasticity of demand for a commodity indicates that as income falls, the amount of the commodity purchased:
• If the amount of the commodity purchased remains unchanged when the price of another commodity changes, the cross elasticity of demand between them will be:
• If the income elasticity of demand for a commodity is found to be 0.4, then the commodity concerned is
• In drawing an individual demand curve for a commodity, all but which of the following are kept constant:
• 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:
• I classical demand for money, the relationship between money supply and price level is: