Which would be an implicit cost for a firm? The cost:

Related MCQs

• Implicit cost of a factor of production is determined by its
• Implicit costs are:
• 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
• If a more efficient technology was discovered by a firm, there would be:
• 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:
• Suppose a firm sells its product at a price lower than the opportunity cost of the inputs used to produce it. Which is true?
• Which cost is to be incurred by a firm even if output is zero:
• The reason the marginal cost curve eventually increases as output increases for the typical firm is because:
• If the long run average cost curve for a typical firm in an industry is downward sloping to the right it becomes difficult to sustain the assumption of
• The Long run Average Cost curve (LAC) in modern cost theory is roughly