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प्रश्न
If average product is decreasing, then marginal product
पर्याय
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
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=5L^(1/2)K^(1/2)`.
Find out the maximum possible output that the firm can produce with 100 units of L and 100 units of K.
Find out the maximum possible output for a firm with zero unit of L and 10 units of K when its production function is Q = 5L = 2K.
What is meant by production function?
The long-run production function is explained by
A production function measures the relation between
State the production function.
Which statement best describes a 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 ______.
Which law is studied with the short‑run production function Q = f(L)?
Tjalling Koopmans is known for his work on ______.
