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CROP PATTERNS:
Analysis of crop patterns in India should relate to the following aspects:
a) The relative significance of different crops/crop groups in the overall area under different crops. This would be an analysis across crops but relate to a specific period.
b) Trend in the change in area under different crops over time. This will be an analysis across crops and over time.
c) Relative share of different regions or states in the crop production would give a view of the regional cropping pattern.
In brief, the analysis should cover the inter-crop differences, inter-temporal differences or time trends and inter-regional differences. In the first section of this unit, let us have a view of the cropping pattern for the latest year for which figures are available.
In the long-run equilibrium, each firm in a perfectly competitive industry will choose the plant size associated with minimum long-run average cost. Is this TRUE or FALSE? And why?
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isoquants curve shows
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Product Markets: Markets where produced services and goods are bought and sold (distinguished from markets for factors of production). Production: Process by which human labour
Factors that determine the volume of side of production
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