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Product per unit of labour employed is t...

Product per unit of labour employed is termed as :

A

Average product

B

Marginal product

C

Total product

D

None of these

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The correct Answer is:
A
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SANDEEP GARG-PRODUCTION FUNCTION-REVISION EXERCISE
  1. A rational producer always aims to operate in of Law of Variable Prop...

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

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

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

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  5. Variable factors refer to those factors of production :

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  6. Both AP and MP curves are generally :

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

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

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

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

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

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

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  13. What is the maximum point of TP ?

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  14. Average Product can have :

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  15. Which of the following is correct ?

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  16. At the Point of Inflexion :

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  17. When AP falls due to increase in quantity of variable input :

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  18. The Law of deals with input-output relationship, when the output is i...

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  19. According to Law of Variable Proportions, when we increase quantity of...

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  20. Which of the following is not a phase in the Law of Variable Proportio...

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