Question

(D) Long run cost
(2) Which cost cannot be measured ?
(A) Real cost
(B) Monetary cost (C) Opportunity cost
(3) When production is zero then which cost is positive ?
(A) Monetary cost (B) Average cost
(C) Variable cost
(D) Fixed cost​

Answer 1

Answer:

2. B

3. C

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Answer 2

Answer:

(2)A real cost

(3)D fixed cost