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Q. The choice of techniques of production is related to the problem of

Q. Per capita income is equal to:

Q. If the income elasticity of demand is greater than one, then the commodity is:

Q. Other things remaining the same, the quantity of a product demanded increases with ------------ in price.

Q. The major objective of a firm is

Q. Production and consumption takes place simultaneously in the case of

Q. ----- is an example of secondary input

Q. The cause for diminishing returns to scale is:

Q. There is no distinction between firm and industry in

Q. The law of Diminishing returns is applicable to: