Annual income flows are called _______________

(a)

Annual cost

(b)

Minimum cost

(c)

Annuities

(d)

Annual income

Labour means physical ______________

(a)

Exertion

(b)

Elastic

(c)

Physical capital formation

(d)

Entrepreneur

Bank deposits, shares, debentures and other monetary instruments are called ________________

(a)

Money capital

(b)

Human capital

(c)

Physical capital

(d)

None of these

In the first stage of law of variable proportions, total product increases at an _______________

(a)

Decreasing rate

(b)

Increasing rate

(c)

Constant rate

(d)

Both (a) and (b)

MP_n= _________.

(a)

TP_n-TP_n-1

(b)

TC_n-TC_n-1

(c)

\(\frac { TP }{ Q } \)

(d)

TU_n-TU_n-1