Questions

Opportunity cost is the cost of other alternative choices for making your interested choice of work. Oppurtunity cost is also called as alternative cost.

For example on a holiday, you have two choices to do, either you can go to movie or a function. And if you chose to go to moavie, the oppurtunity cost of going to movie is the value that would have gotten if you had gone to function.

The law of increasing opportunity costs states that as you increase production of one good, the opportunity cost to produce an additional good will increase.

Energy can be either potential or kinetic. The energy associated with motion is called Kinetic energy and similarly, the energy associated with position is called Potential energy.

A negative supply shock in the sho rt run causes the aggregate supply curve to shift to the left.

The liver is a large, meaty organ that sits on the right side of the belly. It is the largest & heaviest internal organ in the human body.