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RADHA BHUGANA-PRODUCER BEHAVIOUR AND SUPPLY-VERY SHORT ANSWER
- What is meant by production ?
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- Give the meaning of production function Or Define production fun...
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- In which period, some factors of production are fixed and other variab...
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- What do you mean by variable factors ?
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- What do you mean by fixed factors ?
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- Can marginal product be zero or negative ?
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- Define marginal physical product/marginal product.
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- What change will take place in marginal product, when total product in...
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- As the variable input is increased by one unit total output falls. Wha...
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- What will happen to MP, when TP increases at diminishing rate ?
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- What is law of diminishing marginal product ?
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- When MP is zero, what can you say about TP ?
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- How will AP change, when TP rises at a diminishing rate ?
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- Give meaning of 'retuns to a factor'.
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