--%>

Marginal Resource Costs problem

Can someone please help me in finding out the accurate answer from the following question. The synonymous words of marginal factor costs or marginal resource costs signify to the: (i) Cost incurred in generating an extra unit of capital. (ii) Cost to the resource owner of securing employment for resource. (iii) Additional cost included in hiring an extra unit of a resource. (iv) Modification in total cost related with the production of one more extra unit of output.

   Related Questions in Microeconomics

  • Q : Long Run-Firm can vary all inputs I

    I have a problem in economics on Long Run-Firm can vary all inputs. Please help me in the following question. In long run: (1) Firm can vary all the inputs. (2) Firm can vary few inputs, however not all. (3) Capital starts to depreciate. (4) Output increases.

  • Q : Perspective of Society with Economic

    By the perspective of society as an entire, in that case land resources are: (w) variable in supply. (x) perfectly elastically supplied. (y) the closest of all resources to generators of pure economic rents. (z) increased through cultivating previousl

  • Q : Define aggregate demand Define

    Define aggregate demand: Aggregate demand is stated as the money value of total goods and services demanded by an economy throughout a particular period.

  • Q : Definition of law of demand Definition

    Definition of law of demand: It is the claim that, other things equivalent, the quantity demanded of a good drops/falls whenever the price of the good increases.

  • Q : Define product market Product market :

    Product market: It comprises of final services and goods.

  • Q : Illustrate ready-to-eat cereal industry

    Brands of ready-to-eat cereal by Kellogg, Post, General Mills and Quaker [for example Frosted Flakes, Raisin Bran and Cheerios] account for more 85 percent of all breakfast cereals sold. Here the ready-to-eat cereal industry is an illustration of: (w)

  • Q : Demand curve at the current market price

    The demand curve faced through a purely competitive firm at the current market price of: (i) negatively sloped. (ii) horizontal. (iii) perfectly inelastic. (iv) rectangularly hyperbolic. (v) positively sloped.

    Q : Production at exceeds marginal costs by

    For any profit-maximizing monopolist not capable to price discriminate, production arises at an output level where is: (w) price exceeds marginal costs [P > MC]. (x) marginal revenue exceeds marginal costs [MR >

  • Q : Determine daily total revenue of

    While the price of watches is $35, in that case15 watches are sold on a typical day, the everyday’s total revenue is: (w) $475. (x) $525. (y) $350. (z) $150. Hello guys I want your advice. Please recommend so

  • Q : Problem on free trade equilibrium The

    The domestic demand curve for portable radios is provided by Qd = 5000 − 100P, here Qd is the number of radios which would be purchased whenever the price is P. The domestic supply curve for radios is provided by Qs = 150P, where Qs