270) Suppose you buy Economics by David King. What is the opportunity cost of your purchase?
Answer is:
Whatever you would have spent the money on if you had not bought the book
Related Micro Economics MCQ (GK Set-1) with Answers
Answer is:
The market demand curve may shift if there is change in the price of the product
Answer is:
The consumer’s marginal utility will diminish
Answer is:
The consumer would gain more utility from A and B by consuming more A and less B
Answer is: