The cost which a firm incurs for purchasing or hiring factors is called
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The Communist Manifesto, written jointly by Marx and Engels's was published in
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Every factor of production gets rewarded equal to its
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Utility is more closely related to the term
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The short run
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Who stated explicitly for the first time, the Law of Comparative Costs?
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According to Keynes, interest is a payment for
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Demand curve slopes downward because of the law of
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The long run is a
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The Purchasing Power Parity Theory' came into prominence in 1916 through the writings of
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If rate of interest is 10%, the PV (present value) of Rs.100 received in 1 year's time is
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Law of substitution is another name for law of
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As output increases, AC curve
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Identify the work of Irving Fisher
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Professor Knight is famous for his theory of
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When Marginal Utility is positive, Total Utility
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The three broad types of productive resources are
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Economic development of a country requires
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Profits are
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Diminishing marginal utility is the basis of
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