Question
Which law states that the profit from a limited amount of variable input is maximized when that input is used in such a way that marginal return from that input is equal in all the enterprises?
Solution
Law of Equimarginal returns states that the profit from a limited amount of variable input is maximized when that input is used in such a way that marginal return from that input is equal in all the enterprises. This law is concerned with the allocation of the limited amount of resource among different enterprises.
More Agriculture Section Tests Questions
- The spread of numerical value from the mean value is called?
- Roughages contain > ___% Crude fibre and < _____% TDN.
- The photolysis of water during photosynthesis occurs in the presence of following mineral(s):
- The most important symptoms of wilt of cotton i.e caused by Fusarium oxysproum is
- Which is a monocot vegetable ?
- The agency which recommends the minimum support/procurement price for agriculture commodities to the government is
- Debt equity ratio is:
- Which of the following hormones is called as stress hormone?
- Phomopsis blight is a disease of which crop?
- The branch of Horticulture that deals with the cultivation of vegetables is called
Relevant for Exams:
