The law of decreasing returns:
(a) Applies only to industries (b) applies only to agriculture
(c) Does not apply at all to industries
(d) Applies to every economic activity after a limit.
5.
When the proportional change in output is less than the proportional change in Fact
then:
(a) The steady yield of the scale
(b) The decreasing return of the scale
(c) The incremental return of the scale (D) none of the above
6. The demand price elasticity:
(a) Change in demand due to change in price
(b) Change in demand
(c) Change in real income
(d) Change in price.
7.
The most prominent factor in risk is:
(a) Certainty
(b) Uncertainty
(c) Opportunity or coincidence (d) None of the above.
8. Neutrality curve to each other. Never cut because:
(a) They are parallel to each other
(b) They do not provide the same satisfaction
(c) They provide the same satisfaction
(d) None of the above.
Answers
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Answer:
4.c
5.b
6.a
7.c.
8.b
please mark as brainlist please
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