a
Theory of consumer behaviour
b
Theory of cost
c
Theory of production
d
Theory of value
Explanation
Correct Option
cNo explanation available
Video Explanation
No video available
Post your Contribution
Share:
Discussions (3)
Donukoh
9 years ago
isoquant isocost are use to explain production theory that deals with two variable factors of production such as labour and capital
dosmay
10 years ago
The answer is "c",because we can see that the term "isocost" and "isoquant" consist of cost and quantity which is used in the theory of production
paul300
10 years ago
yes the answer is c because cost is the total expenditure incure in goods and services,it may be explicit or implicit and in production we have something like private cost which is cost incure by the owner of the busines why the 2nd is social cost e.g air pollution,noise e.t.c
