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.
Consider the following statements about Bonds:
1. Bonds are units of corporate debt issued by companies and securitized as tradable assets.
...The quorum for the meeting of the monetary policy committee (MPC) is ____ members.
According to the IMF World Economic Outlook, what is India's projected nominal GDP for 2025?
Which of the following financial institutions is involved in regulating the insurance sector in India?
Which of the following is the defining characteristic of a pure public good that leads to the classic free-rider problem and market failure?
Which of the following was the first country to impose the Goods and Services Tax (GST)?
India recently introduced "SARTHI", a new AI-driven system. What is its primary purpose?
Which organization in India is responsible for issuing government bonds?
__________ and Liberty Global, a London-based telecom firm, signed a €1.5 billion (about $1.64 billion) deal for five years to evolve and scale up the...
Under which act did the Reserve Bank of India (RBI) introduce the 'Marginal Cost of Funds Based Lending Rate' (MCLR) system to determine lending rates?
