A debit which monitory value, an amount awed by a firm or an individual___________________?

Related Mcqs:

1. The monitory income a firm sacrifices when it uses a resource it rosins rather than supplying the resource in the market ?

   A. Implicit cost
   B. Explicit cost
   C. Economic cost
   D. Nominal cost

2. The value of a product sold by a firm less the value of the products purchased and used by the firm to produce the product____________________?

   A. Value added
   B. Value of money
   C. Vertical range
   D. None

3. An involuntary payment of money to govt. by a household or firm for which the household or firm receives no good or services directly in return ?

   A. Tariff
   B. Tax
   C. Tacit collusion
   D. Subsidy

4. Reproduction in the average total cost of producing a products as the firm expands the size of plants (its output) in the long run________________?

   A. Economics of scale
   B. Economics of mass production
   C. Both of these
   D. None of these

5. The monetary payment a firm must make to an outsider to obtain a resource____________________?

   A. Implicit cost
   B. Explicit cost
   C. Net cost
   D. Total cost

6. A household’s or firm’s income in the form of goods or services ?

   A. Extra income
   B. Income in kind
   C. Fixed income
   D. None

7. The use of the resources of an individual or firm, a region, or a nation to produce one or a few goods and services ?

   A. Specialization
   B. speculation
   C. Fly over
   D. Capital flight

8. Total number of monetary units received by a firm from the sale of a product is called___________________?

   A. Total revenue
   B. Nominal profit
   C. Both
   D. None

9. A firm which engages in in the busyness of banking_________________?

   A. State bank
   B. Commercial bank
   C. World bank
   D. None

10. Any resource whose quantity can not be changed by a firm in the short run_______________?

    A. Fixed resource
    B. Variable resource
    C. Available resource
    D. Economic resource