Which of the following is a characteristic of capital as a factor of production?
A) It is fixed in supply
B) It never depreciates
C) It is a passive factor of production
D) It is an active factor of production
Correct Answer:
Verified
Q11: The supply of a good refers to:
A)Stock
Q12: The cost of one thing in terms
Q13: The producer's demand for a factor of
Q14: Under conditions of perfect competition in the
Q15: In a perfectly competitive market a firm
Q17: On which law of consumption the concept
Q18: The relation that the law of demand
Q19: Union leaders are in a better position
Q20: Sometimes the supply curve of labour ends:
A)Downward
B)Upward
C)Backward
D)Firstly
Q21: A firm maximizes profit if:
A)MRP = Wage
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