The reward on machinery and equipment in the process of p...
The reward on machinery and equipment in the process of production is known as
Profit
Interest
Rent
Wages
Correct answer is B
Capital' - investment in man-made aids to production including buildings, factories, computers. The reward for capital is interest.
An institution that regulates trade relations among members is the ...
One of the assumptions of ordinal utility in consumer behaviour is that ...
The shape of the long-run average cost curve is best explained by the ...
The opportunity cost of a worker going to the university is ...
In most underdeveloped countries, development plans do not achieve their objective due to ...
Collectivism refers to the management of state enterprises in a ...
Given that Qd = 40-2P and Qs = 6P+24. Calculate the equilibrium price. ...