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Management · Q288

Managerial Economics

Graduate and Post Graduate · Management · question 288

Q288

The law of diminishing returns or increasing cost will operate at an earlier level in agriculture than in industry because

A.
Agriculture is an industry where land is used extensively
Answer
B.
Less mechanisation is applicable to agriculture
C.
More labour is used in agriculture
D.
None of the above

Answer: Option A

Solution

Answer: Option A
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