Download App

Introduction of Micro-Economics — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsIntroduction of Micro-Economics1 Mark
Question
Define Marginal Opportunity Cost.
✓

Answer

Marginal opportunity cost is an addition to the cost in terms of a number of units of a commodity sacrificed to produce an additional unit of another commodity.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "1 Marks Question" from Introduction of Micro-Economics→Introduction of Micro-Economics — all question types→Economics STD 11 Commerce question papers→CBSE Board STD 11 Commerce question papers→CBSE Board question paper generator→

Similar questions

What does Monopolistic Competition mean?
→
What does a rightward shift in demand curve indicate?
→
Unemployment is reduced due to the measures taken by the government. State its economic value in the context of production possibilities frontier.
→
Will a profit maximising firm in a competitive market ever produce a positive level of output in the range where the marginal cost is falling?
→
Draw AC, AVC and AFC curves in a single diagram.
→
Define utility.
→
Revenue.
→
What is the relation between Average and Marginal Product when Average Product is falling?
→
What will happen to equilibrium price, when demand is perfectly elastic and supply increases?
→
List three inputs used in production.
→