Question
Short-run returns to fixed supply of factor of
production are known asSolution
 The concept of quasi rent was introduced in economic theory by Marshall Marshall’s concept of quasi-rent is the extension of the Ricardian concept of rent to the short run earnings of the capital equipment (such as machinery, building etc.) which are in inelastic supply in the short run.The distinguishing characteristic of land is the fact that its supply is perfectly inelastic to changes in its price and therefore its earnings depend mainly upon the demand for it. But, in the short run, the fixed capital equipment such as machinery is likewise perfectly inelastic in supply and cost of its producÂtion is not relevant once it has been produced
Which vegetable is propagated through cuttings?
Which compound is responsible for imparting the red color to tomatoes and is also a powerful antioxidant beneficial to human health?
Where is the Central Tuber Crops Research Institute located?
What is the function of the pigment betalain found in beetroot, and how does it differ from anthocyanins?
Parasitic weed in sorghum crop is
Which vegetable crop has a tuberous hypocotyl and root portion forming the edible part, and is classified under family Brassicaceae?
Curd is the economical part of which of the following vegetable?
The highly pungent aroma in garlic is due to the presence of which sulfur-containing volatile compound?
For one hectare of garlic cultivation, approximately how much planting material is required to ensure optimal bulb development and plant population?
Which vegetable crop has natural resistance to both drought and soil salinity, and is therefore suitable for marginal lands?
