61. Law of substitution is given by
62. When both the price of a substitute and price of a component of commodity X rise, demand for X
63. A production function with unitary elasticity indicates
64. In the short-run, average cost, average variable cost and marginal cost curves are U-shaped due to the operation of
65. Which of the following is also referred to as opportunity cost
66. Which one of the following economic principles helps a farmer to allocate his limited resources to two different enterprises?
67. Full employed is noticed in
68. In India, first Land Development Bank was established at
69. Equity value of the firm is known/derived from
70. Marginal cost is equal to
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