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161.

The return from best alternate use of that input forgone by putting it to the present use is known as:

A.	Average cost	B.	Total cost
C.	Marginal cost	D.	Opportunity cost

162.

The route through which agricultural products move from producers to consumers is known as:

A.	Marketing information	B.	Marketing channels
C.	Marketing efficiency	D.	Marketing institutions

163.

M.P.P. is equal to (P = Production, X = input):

A.	rP/rX	B.	rX/rP
C.	P/X	D.	rX/rP x 100

164.

Main functions of a Central Bank are:

A.	To serve as an ideal banking institution	B.	To regulate entire banking institute of the state
C.	To issue paper currency	D.	To serve as a government bankers

165.

Which of the following is an economic factor, affects the type or system of farming?

A.	Availability of capital	B.	Water
C.	Land	D.	All of the above

166.

Man's wants are:

A.	Limited	B.	Unlimited
C.	Countable	D.	Scarce

167.

Management decisions, which involve lasting effects, are known as:

A.	Operational decisions	B.	Strtegic decisions
C.	Marketing problem decisions	D.	Administrative decisions

168.

Marginal cost is equal to:

A.	Change in total cost/change in output	B.	Change in total cost + 100
C.	Average fixed cost	D.	None of the above

169.

Morginal cost is equal to:

A.	The average cost of the total output produced	B.	The difference between average cost and the cost of the last unit produced
C.	The cost of the last but one unit produced	D.	The extra cost of an additional unit produced

170.

Marginal cost is the:

A.	Change in cost due to one unit change in input	B.	Change in cost due to one unit change in output
C.	Change in variable cost due to one unit change in input	D.	None of the above