MCQ
Choose the correct statement
- ✓The supply of land is fixed forever
- BQuasi-rent accrues to land
- CThe supply of man-made appliances are fixed
- DQuasi-rent enters price
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| a) | Health capital | Chennai | |
| b) | Yarn Bowl | Tamil Nadu | |
| c) | Little Japan_ | Coimbatore | |
| d) | Knitting city | Tirupur | |
| A) | Social cost | 1) | Retrospective cost |
| B) | Sunk cost | 2) | External cost |
| C) | Fixed cost | 3) | Alternative cost |
| D) | Opportunity cost | 4) | Overhead cost |