मराठी

Total product can be calculated as ______. - Economics

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प्रश्न

Total product can be calculated as ______.

पर्याय

  • ∑AP

  • ∑MP

  • MP × units of variable factor

  • none of these

MCQ
रिकाम्या जागा भरा
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उत्तर

Total product can be calculated as `bbunderline(∑MP)`.

Explanation:

Total Product (TP) is the total quantity of output produced by a firm using a given quantity of a variable input, while keeping other inputs constant. It is the sum of Marginal Products (MP) of all units of a variable factor.

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पाठ 7: Laws of Returns - Returns to a Factor and Returns to Scale - TEST YOURSELF QUESTIONS [पृष्ठ १३०]

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फ्रँक Economics [English] Class 12 ISC
पाठ 7 Laws of Returns - Returns to a Factor and Returns to Scale
TEST YOURSELF QUESTIONS | Q 3. | पृष्ठ १३०
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