Agriculture - Mock Test 96

Question 951

Marshall's definition of economics has been criticized by?

A) Ricardo B) Robbins C) Ruskin D) Carlyle

---

No Details

Question 952

Marshall defines economics as?

A) The study of mankind in the ordinary business of life B) The study of human behaviour as a relationship between ends and scarce means, which have alternative uses C) An enquiry into the nature and causes of the wealth of nation D) Fundamentally a science of scarcity

---

No Details

Question 953

Market demand curve is faced by?

A) Monopolist B) Competitive firm C) Joint firm D) Oligopolic firm

---

No Details

Question 954

Marginal utility of a commodity is the utility derived from the purchase of?

A) The first unit B) All the units C) Any extra unit D) The last but one unit

---

No Details

Question 955

Marginal product is the?

A) Output per unit of input B) Total output divided by total input C) Change in output due to one unit change in input D) Change in input due to one unit change in output

---

No Details

Question 956

Marginal farmers are those farmers having land holding?

A) Less than 5 acres B) Less than 2 acres C) Less than 1 acre D) All of those

---

No Details

Question 957

Marginal cost is the?

A) Change in cost due to one unit change in input B) Change in cost due to one unit change in output C) Change in variable cost due to one unit change in input D) None of the above

---

No Details

Question 958

Morginal cost is equal to?

A) The average cost of the total output produced B) The difference between average cost and the cost of the last unit produced C) The cost of the last but one unit produced D) The extra cost of an additional unit produced

---

No Details

Question 959

Marginal cost is equal to?

A) Change in total cost/change in output B) Change in total cost + 100 C) Average fixed cost D) None of the above

---

No Details

Question 960

Management decisions, which involve lasting effects, are known as?

A) Operational decisions B) Strtegic decisions C) Marketing problem decisions D) Administrative decisions

---

No Details