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प्रश्न
Why is the AVC curve U-shaped?
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उत्तर
Because of the law of variable proportion, the AVC curve is U-shaped. AVC decreases when AP increases. As AP increases, AVC decreases, and as AP decreases, AVC begins to rise.
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संबंधित प्रश्न
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?
Formula for calculating AP is
The short-run production is studied through
Mention the economies reaped from inside the firm
Define Marginal Product of a factor.
Which one of the following is NOT a ceteris paribus assumption of the Law of Supply?
When the Marginal Product turns negative, Total Product will ______.
At the point of inflexion, ______ is maximum.
What are Average product?
What is marginal product?
With the help of a suitable diagram, discuss the relationship between Average product and Marginal Product.
What happens to marginal product after a certain point, if more and more labour is added to fixed land?
What is the formula for calculating Average Product?
Which stage is shown when total production drops and marginal product becomes negative?
Why should businesses study the law of variable proportions?
