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Agricultural economics

To obtain the greates utility consumer should allocate money income so that last dollar spent on each good or service yields the same marginal utility ?

August 30, 2021March 28, 2019 by admin
To obtain the greates utility consumer should allocate money income so that last dollar spent on each good or service yields the same marginal utility ?

A. Law of diminishing return
B. Say’ law
C. Law of diminishing marginal utility
D. Say’ law

Categories Agricultural economics

Total number of monetary units received by a firm from the sale of a product is called___________________?

August 30, 2021March 28, 2019 by admin
Total number of monetary units received by a firm from the sale of a product is called___________________?

A. Total revenue
B. Nominal profit
C. Both
D. None

Categories Agricultural economics

A payment of funds by a govt. firm or house hold for which it receives no goods or services in return?

August 30, 2021March 28, 2019 by admin
A payment of funds by a govt. firm or house hold for which it receives no goods or services in return?

A. Subsidy
B. Tax
C. lump-sum-tax
D. None

Categories Agricultural economics

An ownership share in a corporation___________________?

August 30, 2021March 28, 2019 by admin
An ownership in a corporation___________________?

A. Stock
B. Corporation
C. Both
D. None

Categories Agricultural economics

The use of the resources of an individual or firm, a region, or a nation to produce one or a few goods and services ?

August 30, 2021March 28, 2019 by admin
The use of the resources of an individual or firm, a region, or a nation to produce one or a few goods and services ?

A. Specialization
B. speculation
C. Fly over
D. Capital flight

Categories Agricultural economics

An interest bearing deposit which normally can be withdrawn by the depositor at any time ?

August 30, 2021March 28, 2019 by admin
An interest bearing deposit which normally can be withdrawn by the depositor at any time ?

A. Saving deposit
B. Fixed deposit
C. Capital deposit
D. None

Categories Agricultural economics

An essentially risk free, long term interest rate which is free of the influence of market imperfections?

August 30, 2021March 28, 2019 by admin
An essentially risk free, long term interest rate which is free of the influence of market imperfections?

A. Pure rate of interest
B. Economic rate of interest
C. Nominal rate of interest
D. None

Categories Agricultural economics

A good and service is indivisible and to which the exclusion principle does apply is called_________________?

August 30, 2021March 28, 2019 by admin
A good and service is indivisible and to which the exclusion principle does apply is called_________________?

A. Public service
B. Public good
C. Public finance
D. Public debt

Categories Agricultural economics

The coordinating mechanism of capitalism is a system of___________________?

August 30, 2021March 28, 2019 by admin
The coordinating mechanism of capitalism is a system of___________________?

A. Capital and laborers
B. Competition
C. Market and prices
D. All

Categories Agricultural economics

The intersection of the supply curve and demand curve indicates ?

August 30, 2021March 28, 2019 by admin
The intersection of the supply curve and demand curve indicates ?

A. Market equilibrium
B. Market demand
C. Market condition
D. None

Categories Agricultural economics
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