In the context of the firm as a whole, quasi-rent is defined as the excess of the total receipts over the total

In the context of the firm as a whole, quasi-rent is defined as the excess of the total receipts over the total

Q. In the context of the firm as a whole, quasi-rent is defined as the excess of the total receipts over the total:

  1. Fixed cost
  2. Average cost
  3. Fixed and variable cost
  4. Variable cost

Answer: Variable cost

Demand and Supply MCQs
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