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प्रश्न
If average product is decreasing, then marginal product
विकल्प
must be greater than average product
must be less than average product
must be increasing
both a and c
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उत्तर
Must be less than average product.
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संबंधित प्रश्न
Define production function.
Distinguish between short-run and long-run production functions.
Explain the concept of a production function.
Let the production function of a firm be Q = 2L2 K2.
Find out the maximum possible output that the firm can produce with 5 units of L and 2 units of K. What is the maximum possible output that the firm can produce with zero unit of L and 10 units of K?
What is meant by production function?
The functional relationship between “inputs” and “outputs” is called as
The long-run production function is explained by
State the production function.
What is the main feature of inputs in the short run?
Which of the following is a flow concept?
If only labour can be changed and capital is kept fixed, the firm uses ______.
When all inputs are changed in the same proportion in production, it is known as ______.
Which law is studied with the short‑run production function Q = f(L)?
Tjalling Koopmans is known for his work on ______.
Which one illustrates a long‑run decision for a firm?
