Advertisements
Advertisements
प्रश्न
What is marginal product?
Advertisements
उत्तर १
Marginal product is the change in production for one unit change in variable factor, say labour. It’s expressed as MPL = `(∆Q)/(∆L)`.
उत्तर २
Marginal product is the difference made to total product by producing one more unit of output.
Symbolically, MP = TPn − TPn-1 where TPn = Total Product of n units.
Or MP = TPn+1 − TPn
TPn-1 = Total Product of (n − 1) units.
TPn+1 = Total Product of (n + 1) units.
संबंधित प्रश्न
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.
Mention the economies reaped from inside the firm
Product obtained from additional factors of production is termed as
Modern economists have propounded the law of
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?
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?
What happens to marginal product after a certain point, if more and more labour is added to fixed land?
Why should businesses study the law of variable proportions?
