Question
Which law of Economics 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.
In the middle of the year 2023, which entity or organization has released the Green Deposit Framework?
A Safety Officer must be appointed in factories employing at least:
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List-I ...
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