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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
Who said, that one of the key of an entrepreneur is “uncertainty bearing”.
The short-run production is studied through
Product obtained from additional factors of production is termed as
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.
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 stage of the Law of Variable proportions will be the best for the producer? Explain with a reason.
Which term describes the extra output from adding one more unit of labour in production?
Why should businesses study the law of variable proportions?
