2.
Calculate the Marginal opportunity cost (MOC) of commodity X for the given
combinations.
Commodity X
0
1
2
3
4
5
Commodity Y
15
14
12
9
5
Ans. MOC = 1, 2, 3, 4, 5
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A monarchy is a form of government in which a person, the monarch, is head of state for life or until abdication. The political legitimacy and authority of the monarch may vary from purely symbolic (crowned republic), to restricted (constitutional monarchy), to fully autocratic (absolute monarchy), and can expand across the domains of the executive, legislative and judicial. A monarchy can be a polity through unity, personal union, vassalage or federation, and monarchs can carry various titles such as king, queen, emperor, Raja, khan, caliph, tsar, sultan, or shah.
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