31. MC = MR = AC = AR shows the long run, equilibrium positive of the
32. In classical production function, rational zone is always
33. If substitution ratio is equal to price ratio, then cost will be
34. The banks do not provide loan for which of the following in dairying?
35. If change in price is 1% and change in demand is also 1%, then demand will be called
36. 'Economics is what economist do' given by
37. Match the following columns
Column I
Column II
a. Capital investment
1. Pay back period
b. Economically optimum level of resource use
2. Least cost combination
c. Economics of farm size
3. Linear programming
d. Optimum enterprise combination under constraining resources
4. Average cost curve
Column I | Column II |
a. Capital investment | 1. Pay back period |
b. Economically optimum level of resource use | 2. Least cost combination |
c. Economics of farm size | 3. Linear programming |
d. Optimum enterprise combination under constraining resources | 4. Average cost curve |
38. For purchasing tractor, pumpsets etc., the loan is distributed for
39. Choose the correct one
40. Specialised farming and diversified farming are
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