Which of the following best describes the concept of oppo...
Which of the following best describes the concept of opportunity cost?
A special bargain or scale at below market price
Cost of input tends to go up as we use more of them
Goods that are not produced in order to produce more of another good
A cost that constantly decreases
Correct answer is C
No explanation has been provided for this answer.
Let capital formation = CF, Production = P, C = consumption. Then CF =_______ ...
In an industrial area, the location of industries is particularly influenced by ...
Which of the following is NOT a problem of population census in Nigeria? ...
If the economy of the country is operating at X, the implication is that ...
International trade and domestic trade are similar in all aspects except that ...
A tent-making factory offers ...
All the under listed factors directly affects the supply of a commodity except ...