The opportunity cost of a given activity is

Related MCQs

• Opportunity cost means
• The distinction between variable cost and fixed cost is relevant only in
• Whenever marginal cost is more than …………average total cost is falling:
• Whenever ………..is greater than average total cost, average total cost is rising.
• Which cost is more useful for decision making
• Which cost are recorded in books of accounts
• Fixed cost per unit increases when
• Variable cost per unit
• Selling cost is the feature of the market form
• The reason the marginal cost curve eventually increases as output increases for the typical firm is because: