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प्रश्न
Modern economists have propounded the law of
पर्याय
Increasing returns
decreasing returns
Constant returns
variable proportions
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उत्तर
Increasing returns
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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 is the law of variable proportions?
Explain the law of variable proportions with the help of a diagram.
Formula for calculating AP is
Mention the economies reaped from inside the firm
Define Marginal Product of a factor.
Bring out the Relationship among Total, Average and Marginal Products.
When the Marginal Product turns negative, Total Product will ______.
Why is the AVC curve U-shaped?
With the help of a diagram, explain the relationship between Average Product and Total Product under the Law of Variable Proportions.
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?
What is marginal product?
Which stage of the Law of Variable proportions will be the best for the producer? Explain with a reason.
What is the formula for calculating Average Product?
Which stage is shown when total production drops and marginal product becomes negative?
