Home ยป The capital that is consumed by an economy or a firm in the production process is known as Demand and Supply MCQs The capital that is consumed by an economy or a firm in the production process is known as September 27, 2022 25 Views Q. The capital that is consumed by an economy or a firm in the production process is known as: Capital lossProduction costDead-weight lossDepreciation Answer: Depreciation
The term ‘normal profit’ as used in the analysis of equilibrium of the firm under perfect competition, refers to
