--%>

Marginal factor Costs problem

I have a problem in economics on Marginal factor Costs. Please help me in the given question. The synonymous words marginal factor costs or marginal resource costs signify to the: (i) Cost incurred in generating an additional unit of the capital. (ii) Cost to the resource owner of securing employment for resource. (iii) Additional cost included in hiring the additional unit of a resource. (iv) Modification in total cost related with the production of one more unit of the output.

Choose the correct option from the above.

   Related Questions in Microeconomics

  • Q : Economies of Scale problem Can someone

    Can someone please help me in finding out the accurate answer from the following question. When average production costs reduce as the total production of a firm rises, the firm is experiencing: (i) Economies of the scale. (ii) Economies of scope. (iii) Diseconomies o

  • Q : Rate of Return on Investment When the

    When the rate of return on investment equals the interest rate, in that case the optimal level of investment will: (w) rise. (x) fall. (y) not change. (z) Any of the above is possible.

    Q : Price elasticities of demand and higher

    Price elasticities of demand tend to as: (i) fall as higher prices are charged. (ii) rise as higher prices are charged. (iii) almost always be constant. (iv) not be associated to the length of time. (v) not be influenced by price changes.

  • Q : Marginal cost due to technology Due to

    Due to enhancement of technology, the marginal costs of televisions encompass vanished. How will it influence the supply curve of television? Answer: Supply curve w

  • Q : Basic definition of Production I have a

    I have a problem in economics on Basic definition of Production. Please help me in the following question. Production is the process in which: (i) Technology and human knowledge are utilized to apply energy to convert materials to make them more preci

  • Q : Why the slope budget line downward

    Describe why is the budget line slope downward?

  • Q : Determine short-run supply of an

    The Christmas tree industry’s short-run supply is demonstrated as: (1) curve A. (2) curve B. (3) curve E. (4) curve F. (5) curve G.

    Q : Total revenue minus total cost An

    An unregulated monopoly which does not price discriminate maximizes profit at the output level which maximizes: (w) P minus marginal costs [MC]. (x) total revenue minus total cost. (y) marginal revenue [MR] minus marginal costs [MC]. (z) price minus a

  • Q : Income effect of a small change in wage

    The income effect of a small change within wage rate is approximately identical to the substitution consequence for Glynn at: (i) point a. (ii) point b. (ii) point c. (iv) point d. (v) point e.

    Q : Price of a Financial Asset When the

    When the price of a financial asset of price $10,000 and the interest rate is 10 percent, investment is NOT justified for: (w) a perpetuity paying $1,000 annually. (x) an asset paying respectively as $5,000, $4,000, a