Farm gate price is the price at which
Produce are sold to the government
Produce are sold in the market
Producers sell to the middlemen
Marketing boards sell to the consumers
Correct answer is C
No explanation has been provided for this answer.
From his past experience
By trial and error
From agricultural officers or local farmers
From books written about overseas farms
Correct answer is C
No explanation has been provided for this answer.
The law of diminishing returns helps in
Determining the proportion of production factors to combine
Determining the qualities of fixed resources to use in production
Indicating economic wages to pay farm workers
Indicating the quantity of fixed factors to employ
Correct answer is B
No explanation has been provided for this answer.
Demand is said to be elastic when a percentage change in price
Results in an infinite change in demand
Results in an increase in quantity demanded
Results in an exact change in demand
Is less than one
Correct answer is B
No explanation has been provided for this answer.
The most important input contributed by farm family is
Money
Implements
Labour
Fertilizer
Correct answer is C
No explanation has been provided for this answer.