Question
The law of diminishing returns applies to
Answer: Option B
Answer: (b)The classical economists were of the opinion that – the law of diminishing returns applies only to agriculture and to some extractive industries, such as mining, fisheries urban land, etc. However, it is applicable to other sectors such as manufacturing as well.
Was this answer helpful ?
Answer: (b)The classical economists were of the opinion that – the law of diminishing returns applies only to agriculture and to some extractive industries, such as mining, fisheries urban land, etc. However, it is applicable to other sectors such as manufacturing as well.
Was this answer helpful ?
More Questions on This Topic :
Question 3. Consumer’s sovereignty means:
....
Question 4. The Law of Demand expresses
....
Question 5. Rent is a factor payment paid to
....
Question 6. Average Revenue means
....
Question 8. A low interest policy is also known as :
....
Question 10. Quasi rent is a_________ phenomenon.....
Submit Solution