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.

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

Sales tax is an additional amount of money you pay based on a percentage of the selling price of goods and services that are purchased.

For example, if you purchase a new laptop Rs. 40000 and live in an area where the sales tax is 6%, you would pay Rs.2400 in sales tax.

The non-green heterotropic plants of plant kingdom are Fungi.

Kepler’s  laws  of  planetary  motion state  that  (a)  All  planets  move  in elliptical orbits with the Sun at one of  the  focal  points  (b)  The  radius vector  drawn  from  the  sun  to  a planet  sweeps  out  equal  areas  in equal  time  intervals.  This  follows from  the  fact  that  the  force  of gravitation on the planet is central and  hence  angular  momentum  is conserved.  (c)  The  square  of  the orbital   period   of   a   planet   is proportional  to  the  cube  of  the semi  major  axis  of  the  elliptical orbit of the plane.