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The law of increasing returns is only applicable to agriculture; according to
Bilateral agreements that restrict exports are called
Match the items given in List-I with those given in the List-II and suggest the correct option. List-I List-II a. Marginal productivity/Average productivity 1. Isoquant curve b. Substitutability of inputs 2. Isocost line c. Constant negative slope 3. Production Function d. Convex to origin 4. Elasticity of production
Price elasticity is computed by
If the demand curve confronting an individual firm is perfectlyelastic, than