The principle which indicates that the resources should be used not where they bring the highest average return but yield the highest marginal returns is called
A. Principle of least cost combination
B. Principle of substitution
C. Principle of equimarginal return
D. Principle of optimum combination
Answer: Option C
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
Join The Discussion