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The 'Marginal Product' of a variable inp...

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

A

Product divided by the number of units of variable input

B

Additional output resulting from a unit increase in the avriable input

C

Additional output resulting from a unit increase in both variable and fixed inputs

D

Additional output resulting from a unit increase in the units produced

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The correct Answer is:
B
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SANDEEP GARG-PRODUCTION FUNCTION-REVISION EXERCISE
  1. When AP is maximum, MP is equal to:

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  2. Variable factors refer to those factors of production :

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  3. Both AP and MP curves are generally :

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

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

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

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

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

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

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  10. What is the maximum point of TP ?

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  11. Average Product can have :

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  12. Which of the following is correct ?

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  13. At the Point of Inflexion :

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

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

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

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

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  18. The total output generated by the first four units of variable input i...

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  19. If TP of employing one unit of variable factor is 12 units and that of...

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  20. Which of the following is correct statement showing showing the relati...

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