_________ says that the marginal product of a factor input initially rises with its employment level. But after reaching a certain level of employment, it starts falling.
1). Law of diminishing marginal product
2). Law of variable proportions
3). The Short Run
4). The Long Run
2. Every factor of production gets rewarded equal to its
4. From the national point of view, which of the following indicates micro approach?
5. Question 10:Distinguish between ˜Green Revolution' and ˜Golden Revolution'
7. The National Housing Bank is a subsidiary of :
8. Which of the following is a producer good?
9. Question 13:Why are regular salaried employees more in urban areas than in rural areas?