MCAER PG CET 2026 AGRIL ECONOMICS & EXTENSION EDUCATION & DAIRY SCIENCE
MCAER PG CET 2026 - Agril Cluster Quiz MCAER PG CET 2026 Agril Economics, Extension & Dairy Science Time Remaining: 100 s 1. In a Cobb-Douglas production function $Y = AX_1^{b1}X_2^{b2}$, if $b_1 + b_2 > 1$, it indicates: Constant returns to scale Increasing returns to scale Decreasing returns to scale Efficiency parameter is zero 2. (PYQ 2022) According to the Law of Equi-Marginal Returns, profit is maximized when: $MVP_{x1}/P_{x1} = MVP_{x2}/P_{x2}$ $MC = MR$ $APP = MPP$ Total Revenue is maximum 3. Which type of elasticity of substitution is found in a Linear Production Function? Zero ...