In the short-run, average cost, average variable cost and marginal cost curves are U-shaped due to the operation of
A. Law of equimarginal returns
B. Substitution between two factor inputs
C. Law of variable proportion
D. Time comparison principle
Answer: Option C
This Question Belongs to Agriculture >> Agricultural Economics
Related Questions on Agricultural Economics
Cost calculated for per hectare is known as
A. Cost of cultivation
B. Cost of production
C. Cost of farming
D. Fixed cost
The gross agricultural area in Rajasthan during 2011 was
A. 193.10 lakh hectares
B. 183.49 lakh hectares
C. 193.20 lakh hectares
D. 194.33 lakh hectares
A. Economic holding
B. Basic holding
C. Optimum holding
D. None of the above
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