Question

61. The concept of opportunity cost is
used in the modern theory of
(A) Rent
(B) Interest
(C) Profit
(D) Wages
62. Short run production is related to:
(A) Law of variable proportion
(B) Return to scale
(C) (A) & (8) both
(D) None of the above
63. Desire for status and recognition is
an example of
​

Answer 1

Answer:

wages is the opportunity cost

both a an b