The concept of opportunity cost is imp...
The concept of opportunity cost is important to the firm because it
Determines the price of the firms products
Increases the level of output of the firm
Leads to maximum satisfaction of the consumers
Guides firms in allocating scarce resources
Correct answer is D
No explanation has been provided for this answer.
The lender of last resort in the banking system is the ...
Mobility of labour is higher when there ...
Restriction on credit creation by commercial banks can be effected through ...
The amount of money required for the day-to-day running of a business is known as ...
The definition of economics as 'the science which studies human behaviuor as a relationship betw...
A factor that has slowed down the rate of industrial development in West Africa is ...
The demand for a good is price inelastic if ...