Allocation of available resources among alternatives is based on the principle

Related MCQs

• The value of an entrepreneur’s resources that she uses in production are known as:
• If all resources used in the production of a product are increased by 20 percent and output increases by 20 percent, then there must be:
• …….. principle is closely related to the marginal costs and marginal revenue of economic theory
• The principle reasons behind economic problems
• ………..principle is closely related to the marginal costs and marginal revenue of economic theory
• Analysis of long run and short run affects of decisions on revenue as well as costs is based on