Advertisements
Advertisements
प्रश्न
What is marginal product?
Advertisements
उत्तर १
Marginal product is the change in production for one unit change in variable factor, say labour. It’s expressed as MPL = `(∆Q)/(∆L)`.
उत्तर २
Marginal product is the difference made to total product by producing one more unit of output.
Symbolically, MP = TPn − TPn-1 where TPn = Total Product of n units.
Or MP = TPn+1 − TPn
TPn-1 = Total Product of (n − 1) units.
TPn+1 = Total Product of (n + 1) units.
संबंधित प्रश्न
State the behaviour of marginal product in the law of variable proportions. Explain the causes of this behaviour
State the different phases of change in the total product according to the Law of Variable Proportions. Use diagram
What are the different phases in the Law of Variable Proportions in terms of Total Product ? Give reasons behind each phase. Use diagram.
What is the law of variable proportions?
Explain the law of variable proportions with the help of a diagram.
Who said, that one of the key of an entrepreneur is “uncertainty bearing”.
Product obtained from additional factors of production is termed as
Bring out the Relationship among Total, Average and Marginal Products.
Which one of the following is NOT a ceteris paribus assumption of the Law of Supply?
Why is the AVC curve U-shaped?
At the point of inflexion, ______ is maximum.
Study the data given below and identify the laws followed in the production of A and B depicted in the Table I and Table II. Justify your answer with a reason for each.
| Table I | Table II | ||||
| Machines | Labour | Output of A (units) | Machines | Labour | Output of B (units) |
| 5 | 10 | 1000 | 5 | 10 | 400 |
| 5 | 11 | 1150 | 10 | 20 | 800 |
| 5 | 12 | 1310 | 15 | 30 | 1200 |
What are Average product?
With the help of a suitable diagram, discuss the relationship between Average product and Marginal Product.
Which term describes the extra output from adding one more unit of labour in production?
What is the formula for calculating Average Product?
Why should businesses study the law of variable proportions?
