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.

The skeleton of the Great White Shark is made up of cartilage and connective tissue. There are no bones in a white shark's body.

A rainbow is a natural spectrum appearing in the sky after a rain shower. It is caused by dispersion of sunlight by tiny water droplets, present in the atmosphere. A rainbow is always formed in a direction opposite to that of the Sun. The water droplets act like small prisms. They refract and disperse the incident sunlight, then reflect it internally, and finally refract it again when it comes out of the raindrops.

Among the given options, Tata Steel company received the award as one of the 2019 World’s Most Ethical Companies.

The scarcity definition of economics is credited to Lionel Robbins.