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.
- The base area of a rectangular cistern is 1080 m², and it holds a volume of 32400 m³ of water. What is the depth of the water in the cistern?
A rectangular plot has its length and breadth in the ratio of 5:3. Aman riding a bicycle completes one round of this field along its perimeter at a spee...
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PQRS is a cyclic trapezium where PQ is parallel to RS and PQ is the diameter. If ∠QPR = 40° then the ∠PSR is equal to:
Two circles, each of radius 7 cm, intersect each other. The distance between their centers is 7√2 cm. Find the area common to both circles.
A wooden box measures 20cm by 12cm by 10cm. Thickness of wood is 1 cm. volume of wood to make the box is.Â
On a rectangular wall of length 20 metres and height 15 metres, there is a window in the shape of triangle surmounted on a square. If the base of triang...
If the curved surface area of a cylinder is 128 p cm² and its height is 16 cm. then, what is the volume of the cylinder?(in cm 3 )
If the ratio of areas of two circle is 4:9, then the ratio of their circumferences will be:
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