206) Nicole owns a small pottery factory. She can make 1,000 pieces of pottery per year and sell them for Rs.100 each. It costs Nicole Rs.20,000 for the raw materials to produce the 1,000 pieces of pottery. She has invested Rs.100,000 in her factory and equipme
Answer is:
Rs. 75,000
Related Micro Economics MCQ (GK Set-1) with Answers
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accounting profit will exceed economic profit.
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becomes flatter as the quantity of the input increases.
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