Question
The cost that has to be incurred by a firm to retain an
input is _____of the input.Solution
The opportunity cost of using an input is the value of the next best alternative use of that input. To retain the input for its current use, the firm must forgo the benefit it could get from its next best alternative use, which is its opportunity cost.
A body is said to be in equilibrium when:
Which polymer is used in the production of bullet-proof materials?
Which one among the following statements is not true for Mammals?
Which of the following is a chemical change?
Which vitamin is also known as Vitamin-B2?
If the root mean square speed of gas molecules is doubled, the absolute temperature of the gas:
Which vitamin helps in improving night vision?
Which vitamin is essential for RBC formation?
Which of the following statements for the given chemical reaction is true?
Fe₂ O₃ + 2Al → Al₂ O₃  + 2Fe
The force which opposes the relative motion between different layers of liquid or gases is called –
