Which cost is to be incurred by a firm even if output is zero:
A) Opportunity cost
B) Fixed cost
C) Variable Cost
D) Total cost
Correct Answer:
Verified
Q1: The Wealth of Nations is the work
Q2: Indifference Approach is related with:
A)Marshall
B)J.R. Hicks
C)Samuelson
D)Sismondi
Q3: Which one of the following is an
Q4: The addition to the total revenue by
Q6: The marginal utility theory is contributed by:
A)Marshall
B)David
Q7: The factor earning of entrepreneur is:
A)Rent
B)Wage
C)Interest
D)Profit
Q8: The Scarcity definition of Economics is the
Q9: Average Revenue is equal to:
A)Price
B)Cost
C)Profit
D)None of these
Q10: Total Revenue is the maximum when Marginal
Q11: Market economy is also known as:
A)Socialist economy
B)Capitalist
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