Q. Production costs to an economist
A) consist only of explicit costs
B) reflect opportunity costs
C) never reflect monetary outlays
D) always reflect monetary outlays
✔ Correct Answer: reflect opportunity costs
Exam Insight
-
A) consist only of explicit costs
B) reflect opportunity costs
C) never reflect monetary outlays
D) always reflect monetary outlays
✔ Correct Answer: reflect opportunity costs
-
Explore educational articles, current affairs, science, technology, history, politics, business and hundreds of learning resources organized into categories.
Explore the most searched educational topics.
Explore Sarkari Jobs, Admit Cards & Results easily on TutorliV
Practice topic-wise MCQs for competitive exams like SSC, UPSC, Banking & more.