interest rate
Returns on capital
Alternative capital foregone
Shadow price of foreign exchange
Correct answer is B
No explanation has been provided for this answer.
Large-scale production
Profit maximization
Economies of scale
Diseconomies of scale
Correct answer is D
No explanation has been provided for this answer.
(land, rent) (capital, wage), (labour, profit)
(land, interest) (capital,profit), (labour, wage)
(land, wage), (capital, interest), (labour,rent)
(land,rent), (capital, interest), (labour, wage)
Correct answer is D
No explanation has been provided for this answer.
Efficiency in production involves
Reducing the size of the workforce
Producing a given output with the lowest cost combination of factors of production
Adoption of capital-intensive technology
Increasing the quantity of the fixed factor of production
Correct answer is B
No explanation has been provided for this answer.
The primary problem of Economics is
To obtain a more equitable distribution of money income
The scarcity of productive resources relative to material needs
How to reach prices which correctly depict that products and resources are not in abundance
To teach people how to save so as to make more money
Correct answer is B
No explanation has been provided for this answer.