Agriculture - Mock Test 110

Question 1091

Average fixed cost is equal to?

A) Total fixed cost / 100 B) Total fixed cost/total variable cost C) Total fixed cost/output D) Total fixed cost/Input

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Question 1092

Which one of the following relationship will provide least cost combination of input use?

A) rX1/rx2 = Px2/Px1 B) rX1/rx2 > Px2/Px1 C) rX1/rx2 < Px2/Px1 D) rX1/rx2 = Px1/Px2

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Question 1093

The spurt to Zero Marginal Productivity type of exercise was given by _____ in 1954?

A) W. Arthur Lewis B) W. David Hopper C) W. Nelson Michael D) W. Benzene Shoemaker

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Question 1094

As the price of a commodity goes up, the demand for it?

A) Contracts B) Increases C) Expands D) Decreases

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Question 1095

As income increase the expenditure on light fuel and rent generally?

A) Increases B) Decreases C) Remains the same D) None of the above

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Question 1096

Air is?

A) Economic goods B) Free goods C) Transferable goods D) All above

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Question 1097

Which statement is used for classical economist to theory of income and employment?

A) They thought that supply creates its own demand B) Economy produce, output and income corresponding to the level of full employment C) Their theory was based on assumptions and full employment D) Theory was not based on assumption and full employment

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Question 1098

Who defined consumption as the use of economic goods and personal services in the satisfaction of human wants?

A) Ely B) Keynes C) Pigou D) Marshall

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Question 1099

Who has defined Agriculture economics as the branch of economics dealing with the production and distribution of agricultural commodities and the institutions associated with agriculture?

A) Philip Taylor B) L C Gay C) E O Heady D) Marshall

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Question 1100

Who said; that "all those phenomenon which can be brought directly or indirectly into relation with measuring rod of money fall under the subject matter of economics?

A) Marshal B) Pigou C) Chapman D) Keynes

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