WebSuppose that you have to decide between seeing a movie and going to see a cricket match on a particular Saturday evening. You are willing to pay R s. 5 0 0 to see the movie. You … WebThe opportunity cost of production of a commodity refers to the cost which the producer has to sacrifice in terms of the next best alternative which could be produced out of that cost in order to produce every unit of the given commodity. Hence, C is the correct option. Was this answer helpful? 0 0 Similar questions
What Is Supply? Definition, Determinants, Types, Function …
WebJun 4, 2024 · (a) Supply refers to the quantity of a commodity that a firm is willing and able to offer for sale, at each possible price during a given period of time. (b) In other words, supply is that part of stock which is actually brought into the market for sale. Stock can never be less than supply. WebTopic: Supply in Product / Output Markets Skill: Analytic AACSB: Analytic Skills 9) Refer to Figure 3.14. A movement from Point Cto Point Bon supply curve S2would be caused by a (n) A) decrease in the price of pizza. B)decrease in the price of pizza dough. C)increase in the demand for pizza. D) increase in the price of hamburgers, assuming ... toyota scs login
Money Supply Definition: Types and How It Affects the Economy
WebWhen economists refer to supply, they mean the relationship between a range of prices and the quantities supplied at those prices—a relationship that can be illustrated with a supply curve or a supply schedule. When economists refer to quantity supplied, they mean … WebApr 3, 2024 · supply and demand, in economics, relationship between the quantity of a commodity that producers wish to sell at various prices and the quantity that consumers … WebSep 22, 2024 · Supply is a producer's willingness and ability to supply the goods they produce. It's often represented by an upward sloping line called the supply curve. toyota screen brightness 2021