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171.

Marginal farmers are those farmers having land holding:

A.	Less than 5 acres	B.	Less than 2 acres
C.	Less than 1 acre	D.	All of those

172.

Marginal product is the:

A.	Output per unit of input	B.	Total output divided by total input
C.	Change in output due to one unit change in input	D.	Change in input due to one unit change in output

173.

Marginal utility of a commodity is the utility derived from the purchase of:

A.	The first unit	B.	All the units
C.	Any extra unit	D.	The last but one unit

174.

Market demand curve is faced by:

A.	Monopolist	B.	Competitive firm
C.	Joint firm	D.	Oligopolic firm

175.

Marshall defines economics as:

A.	The study of mankind in the ordinary business of life	B.	The study of human behaviour as a relationship between ends and scarce means, which have alternative uses
C.	An enquiry into the nature and causes of the wealth of nation	D.	Fundamentally a science of scarcity

176.

Marshall's definition of economics has been criticized by:

A.	Ricardo	B.	Robbins
C.	Ruskin	D.	Carlyle

177.

Maximum profit will be at the point where:

A.	M.C. = M.R.	B.	M.C. is more than M.R.
C.	M.C. is less than M.R.	D.	None of the above

178.

Means to satisfy human wants are:

A.	Unlimited	B.	Limited
C.	Both (a) and (b)	D.	None of the above

179.

Which of the following contributes more national income and stand next to agriculture?

A.	Mining and manufactures	B.	Animal husbandry
C.	Transportation	D.	Forestry

180.

Which are of the following is administrative decision?

A.	Financing the farm business	B.	Accounting and book-keeping
C.	Adjustments of government programmes and policies	D.	All of these