Question
Given below are two statements: Statement I: Law
of diminishing return also regarded as a fundamental law in agriculture and economics. Statement II: This law helps in determination of optimum input to use and optimum output to produce. In the light of the above Statements, choose the correct answer from the options given below:Solution
The Law of Diminishing Returns states that as additional units of a variable input are applied to a fixed quantity of other inputs, the marginal product of the variable input will eventually decline. It is indeed regarded as a fundamental law in agriculture and economics. Statement II is also true, as the law helps in determining the optimal input and output levels for efficient production.
The ratio of the speed of the boat in upstream to that of in downstream is 3:4, respectively. If the speed of the current is 5 km/h, then find the speed...
A boat goes 50 km in upstream in 5 hours and takes 4 hours to complete a distance of 16 km in downstream. Find the speed of boat in still water.
- A boat goes downstream at 28 km/hr and upstream at 20 km/hr. If it takes 14 hours to travel (x + y) km upstream when the stream speed is doubled, then what...
Speed of a boat in still water is three times the speed of the boat in upstream. If the boat takes 20 minutes to cover 20 km in downstream, then find th...
Speed of boat is 10 km/hr. Speed of the stream is 30% less than speed of boat. Then find time taken by boat to go 34 km downstream?
A boat can travel 4.2km upstream in 14min. If the ratio of the speed of the boat in still water to the speed of the stream is 7:1. How much time will th...
Before rain a boat can cover 90 km in still water and the same distance upstream in 6 hours and 9 hours, respectively. Due to the rain the speed of the ...
A boat covers a distance of 96 km downstream in 4 hours and returns upstream in 6 hours. Find the speed of the stream.
A boat is navigating a river with a current speed of 2 km/h. It takes the boat 75 minutes longer to cover a distance of 56 km upstream than it does to c...
A man can row at 4 kmph in still water. If the velocity of current is 3 kmph and it takes him 8 hour to row to a place and come back, how far is the place?