The opportunity cost of the use of productive resources w...
The opportunity cost of the use of productive resources which a producer owns and so does not pay constitutes
A fixed cost
An implicit cost
A variable cost
A prime cost
Correct answer is B
No explanation has been provided for this answer.
Which of the following is NOT associated with minimum price legislation? ...
A demand which gives rise to the reverse of the law of demand is__________ ...
If less of a good is bought as one's income increases, such a good is ...
Which of the following budgets will increase government expenditure? ...
The responsiveness of demand to a change in income is the measurement of ...
The use of government revenue and expenditure to achieve set objectives is known as ...