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The law diminishing retuns refers to an ...

The law diminishing retuns refers to an eventual fall in :

A

Productivity of factors of production

B

Total earnings of the firm

C

Marginal product of the variable factor

D

None of these

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The correct Answer is:
C
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Law Of Diminishing Returns

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When there are diminishing returns to a factor, total product first increases and then starts falling.

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SANDEEP GARG-PRODUCTION FUNCTION-REVISION EXERCISE
  1. According to Law of Variable Proportions, there are phases.

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  2. Average product cannot be negative because :

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  3. The law diminishing retuns refers to an eventual fall in :

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  4. The 2^(nd) phase (diminishing returns to a factor) is exhibited by the...

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  5. Which phase of Law of Viriable Proportions has been ruled out on the g...

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  6. A rational producer always aims to operate in of Law of Variable Prop...

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  7. In general, most of the production functions measures :

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  8. Product per unit of labour employed is termed as :

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  9. When AP is maximum, MP is equal to:

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  10. Variable factors refer to those factors of production :

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  11. Both AP and MP curves are generally :

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  12. In describing a given production technology, the short run is best des...

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  13. is the period of time in which all the factors of production are varia...

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  14. The 'Marginal Product' of a variable input is best described as :

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  15. On the basis of following schodule, answer the following questions : ...

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  16. On the basis of following schodule, answer the following questions : ...

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  17. On the basis of following schodule, answer the following questions : ...

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  18. What is the maximum point of TP ?

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  19. Average Product can have :

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  20. Which of the following is correct ?

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