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251.

The individuals granted broad powers by those who purchase are known as:

A.	Brokers	B.	Speculated middleman
C.	Commission agents	D.	Whole sellers

252.

The want satisfying power of commodity is called :

A.	Demand	B.	Utility
C.	Consumption	D.	Production

253.

To whom do you attribute the 'Concept of consumer's Surplus'?

A.	A.C. Pigou	B.	Alfred Marshall
C.	H.H. Gossen	D.	Barbura wootton

254.

The formula for rate of capital turn over is:

A.	Gross Income/Total Farm Assests x 100	B.	Net Income / Total Farm Assests x 100
C.	Total Farm Assets / Net Farm Income x 100	D.	None of the above

255.

The function of successful farm manager is:

A.	Formation of the goals	B.	Recognition and definition of a problem
C.	Decision making and taking action	D.	All of these

256.

The grain dealer stocks grain to supply it as the time of shortage and creates:

A.	Place utility	B.	Time utility
C.	Form utility	D.	Ownership utility

257.

The total fixed cost curve:

A.	Increase with the level of output	B.	Remains constant at all the output
C.	Decreases as output increases	D.	Both (b) and (c)

258.

The inflection point on total product curve corresponds to the:

A.	Maximum of marginal product curve	B.	Maximum of average product curve
C.	Maximum of total product curve	D.	Minimum of marginal product curve

259.

The large number of combination of two inputs which have some cost is known as:

A.	Iso product	B.	Iso cost
C.	Iso revenue	D.	Indifference curve

260.

The law of diminishing returns applies more generally to:

A.	Cloth Industry	B.	Chemical Industry
C.	Agricultural Industry	D.	Film Industry