Law of substitution is given by
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When both the price of a substitute and price of a component of commodity X rise, demand for X
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A production function with unitary elasticity indicates
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In the short-run, average cost, average variable cost and marginal cost curves are U-shaped due to the operation of
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Which of the following is also referred to as opportunity cost
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Which one of the following economic principles helps a farmer to allocate his limited resources to two different enterprises?
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Full employed is noticed in
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In India, first Land Development Bank was established at
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Equity value of the firm is known/derived from
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Marginal cost is equal to
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Total output is maximum at the point when
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When AP < MP, AP is
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Mahalwari system was introduced by
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For fertilisers, seeds purchasing, the loan distributed is called
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Aggregate supply of labour in case of classical is
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Farm planning involves
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Food Corporation of India was established in
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Which of the following farmings is not a farming system on the basis of ownership and management classification?
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The price which necessarily covers the variable cost and also the fixed price is
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The law which is very useful in determining the best use of limited resources is
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