As for the cost of production of an individual farmer, the rent paid by him
A) Enters into the price of his product
B) None of these
C) Does not enter into price of his product
D) Is unjustified
Correct Answer:
Verified
Q15: Whose name is associated with the "Uncertainty-bearing
Q16: Who has sought to measure Consumer's Surplus
Q17: Which among the following is NOT an
Q18: When a firm's average revenue is equal
Q19: Given the price, if the cost of
Q20: Under _, price is determined by the
Q21: Standard of living of workers depends upon
Q22: Under Marginal productivity Theory, reward for labour
Q23: The economist Ricardo argued that prices were
Q25: He presented a theory of rent
A)Malthus
B)Prof. Knight
C)Ricardo
D)Marshall
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