The capital that is consumed by an economy or a firm in the production process is known as
A. Capital loss
B. Production cost
C. Dead-weight loss
D. Depreciation
Answer: Option D
A. Capital loss
B. Production cost
C. Dead-weight loss
D. Depreciation
Answer: Option D
The capital that is consumed by an economy or a firm in the production process is known as
A. Capital loss
B. Production cost
C. Dead-weight loss
D. Depreciation
Who propounded the opportunity cost theory of international trade?
A. Ricardo
B. Marshall
C. Heckscher & Ohlin
D. Haberler
Which among the following statement is INCORRECT?
A. On a linear demand curve, all the five forms of elasticity can be depicted
B. If two demand curves are linear and intersecting each other, then, coefficient of elasticity would be same on different demand curves at the point of intersection.
C. If two demand curves are linear and parallel to each other, then, at a particular price, the coefficient of elasticity would be different on different demand curves.
D. The price elasticity of demand is expressed in terms of relaive not absolute changes in Price and Quantity demanded.
A. Increase
B. Decrease
C. Remain the same
D. Become zero
Yes
While producing good in short run, we use fixed (capital) and variable (labour) if we increase the production we have to increase the labour and also having wear and tear to capital ( reaming is still as capital) , so we cost depreciation to the capital.
how
why not production cost....can anyone explain
It should be "Capital"
How?
The capital that is consumed by an economy or a firm which is an expenditure bear by firm called as wear and tear cost. :)
Is'nt it production cost? If m ryt
I think I got it. Capital is the factor of production and not the cost of production. Am I right?
land, labour and capital are the production cost, isn't it? then why depreciation?
how
Depreciation in general said as the cost of wearing and tearing in the production process. how you said 'D' the right answer?
I didn't get