When average product increases, the marg...

When average product increases, the marginal product is :

Less than average product

Equal to the average product

More tha average product

None of these

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When average product is maximum, marginal product is greater than average product.

Average product will increase only when marginal product increases. OR Average product rises only where marginal product rises.

Average product will increase only when marginal product increases.

Giving reasons, state whether the following statements are true or false. (i) Average product will increase only when marginal product increases. (ii) With increase in level of output, average fixed cost goes on falling till it reaches zero. (iii) Under diminishing returns to a factor, total product continues to increase till marginal product reaches zero.

Comment on the following statement: "When average product and marginal product are equal, marginal product is at its maximum."

Average product can rise even when marginal product starts declining.

Tota product will increase only when marginal product increases.

Total product will increase only when marginal product increases.

Average Product falls only when marginal product is less than average product.

The following table gives the total product schedule of labour. Find the corresponding average product and marginal product schedules of labour.

SANDEEP GARG-PRODUCTION FUNCTION-REVISION EXERCISE

Identify the phase in which TP increases at an increasing rate and MP ...
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Which of the following is not a reason for operation of increasing ret...
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When average product increases, the marginal product is :
03:07
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What happens to AP, when MP is more than AP ?
03:22
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What is the behaviour of TP, when MP becomes negative ?
05:36
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According to Law of Variable Proportions, there are phases.
02:15
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Average product cannot be negative because :
03:22
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The law diminishing retuns refers to an eventual fall in :
04:19
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The 2^(nd) phase (diminishing returns to a factor) is exhibited by the...
03:57
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Which phase of Law of Viriable Proportions has been ruled out on the g...
04:01
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A rational producer always aims to operate in of Law of Variable Prop...
02:51
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In general, most of the production functions measures :
02:55
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Product per unit of labour employed is termed as :
02:40
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When AP is maximum, MP is equal to:
03:00
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Variable factors refer to those factors of production :
02:55
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Both AP and MP curves are generally :
03:28
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In describing a given production technology, the short run is best des...
03:53
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is the period of time in which all the factors of production are varia...
04:16
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The 'Marginal Product' of a variable input is best described as :
04:08
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On the basis of following schodule, answer the following questions : ...
03:12
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