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Agricultural Economics-Data Intensity 3 Multiple Questions and Answers.
| 2. | The total revenue of a film less all its economic costs is called____? | ||
| A. | Economy Profit | ||
| B. | Pure Profit | ||
| C. | Above normal Profit | ||
| D. | All these | ||
| 3. | To charge different prices for the goods of the same standard is called____? | ||
| A. | Prices discrimination | ||
| B. | Prices differentiation | ||
| C. | Oligopoly | ||
| D. | Prices elasticity | ||
| 4. | The monetary payment a firm must make to an outsider to obtain a resource____? | ||
| A. | Implicit cost | ||
| B. | Explicit cost | ||
| C. | Net cost | ||
| D. | Total cost | ||
| 5. | An organization which employs resources to produce a good or service for profit and own and operates one or more plants is called____? | ||
| A. | Company | ||
| B. | Factory | ||
| C. | Firm | ||
| D. | All of these | ||
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