Distribution Analysis — Economics STD 11 — Question

Who wrote the book “Principles of Economics” in 1890?

Choose the incorrect statement

Cobb-Douglas production function depends on _____

Assertion (A) : Real cost refers to the payment made to compensate for the efforts and sacrifice of all factor owners.
Reason (R) : Adam Smith regarded pain and sacrifice of labour as the real cost of production.

EPZ means ______

___________ was the first professor of economics at Madras University

Choose the incorrect statement

___________ are set up with a view to developing the rural economy by providing credit and other facilities to small and marginal farmers.

Function with a single independent variable are called _____