MCAER PG CET 2026 AGRIL ECONOMICS AND EXTENSION EDUCATION
MCAER PG CET 2026 - Agril Economics & Extension MCAER PG CET 2026 Agril. Economics & Extension Education Time Remaining: 100 s 1. According to the Law of Equi-Marginal Returns, profit is maximized when: A. Marginal Value Product (MVP) is zero for all inputs. B. The ratio of MVP to Marginal Unit Cost is equal across all enterprises. C. Total physical product is at its maximum point. D. Average Fixed Cost equals Marginal Cost. Correct: B. This principle ensures that every additional rupee spent yields the same return across all possible uses. 2. PYQ 2021 In a Production Function $Y = f(X_1, X_2)$, if the elasticity of substitution is exactly one, the function is: A. Leontief Function B. Linear P...