📊 Managerial Economics 1
Q. Opportunity cost means
  • (A) the accounting cost minus the marginal benefit.
  • (B) the highest-valued alternative forgone.
  • (C) the monetary costs of an activity.
  • (D) the accounting cost minus the marginal cost
💬 Discuss
✅ Correct Answer: (B) the highest-valued alternative forgone.

You must be Logged in to update hint/solution

💬 Discussion

Related Posts

Q. The firm charges price in tune with the industry’s price is called

Q. The horizontal demand curve for a commodity shows that its demand is:

Q. Managerial economics is also called

Q. The value of an entrepreneur’s resources that she uses in production are known as:

Q. An increase in income may lead to an increase in the quantity demanded, it is

Q. Marginal revenue is ………….at the quantity that generate maximum total revenue and negative beyond that point.

Q. _______ is known as father of economics

Q. In the case of …………… Consumer may moves to higher or lower demand curve

Q. The utility of a commodity is:

Q. Whenever marginal cost is more than …………average total cost is falling:

📱 Download Our App

Learn MCQs on the go with our easy-to-use Android app

Get it on Google Play

📊 Question Analytics

👁️
942
Total Visits
📽️
2 y ago
Published
🎖️
Rakesh Kumar
Publisher
📈
85%
Success Rate