Which one of the following economic principles helps a farmer to allocate his limited resources to two different enterprises?

General Knowledge Mcqs
BILAL KHATTAK0

A.The law of variable proportions
B.The law of comparative advantage
C.The law of equimarginal returns
D.The principles of fixed and variable costs

Related Mcqs:

  1. Which one of the following principles is employed in production when resources are scarce?
  2. The advertisement cost is included
  3. In long run
  4. In a factory the costs which increase as output increases are known as
  5. Which one of the following pairs is correctly matched?
  6. For an organisation those costs which do not, increase as output increases, are known as
  7. In order to promote sales a company spends considerable amount on publicity by way of campaign on radio, TV, advertisement in papers etc. Such expenses in break even analysis are shown under
  8. The principles of policy as enumerated in Chapter 2 Subsection (1) of the 1973 Constitution of Pakistan are:
  9. In the short run, in cannot produce at an economic profit
  10. General principles of a national forest policy is / are:

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