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Question
_______________ is the minimum amount of money, which all the entrepreneurs in the economy must receive from the sale of output produced by them, at any given level of employment.
_______________ is the minimum amount of money, which all the entrepreneurs in the economy must receive from the sale of output produced by them, at any given level of employment.
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Solution
The correct option is A Aggregate supply price
Aggregate supply price refers to the minimum value of money which all the entrepreneurs in the economy must expect from the sale of output produced by them using the factors of production, at any given level of employment. This is the rate of return from the business according to which the firms make their long term and short term plans.
Aggregate supply price refers to the minimum value of money which all the entrepreneurs in the economy must expect from the sale of output produced by them using the factors of production, at any given level of employment. This is the rate of return from the business according to which the firms make their long term and short term plans.
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