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- Explicit cost are … #181
- Economic cost are… #182
- The fixed cost are cost which are … #183
- The total cost includes … #184
- Total income is … #185
- The firm’s profit maximization is achieved when … are equal. #186
- The shoe price will probably increase in response to … #187
- The price elasticity of demand measures the sensitivity of the quantity demanded to changes in … #188
- If the demand for agricultural products is inelastic, then farm’s gross incomes will … #189
- The scarcity of market mechanism is revealed by the fact that it does not provide for … #190