The slope of the isocost line indicates
A. Marginal rate of substitution
B. Ratio of factor prices
C. Price effect
D. None of the above
Answer: Option B
A. Marginal rate of substitution
B. Ratio of factor prices
C. Price effect
D. None of the above
Answer: Option B
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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