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RADHA BHUGANA-PRODUCER BEHAVIOUR AND SUPPLY-SHORT ANSWER
- Explain the concept of production function
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- What is meant by variable factor and fixed factor ? Give Two examples ...
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- Define the following terms: (i) Total product (ii) Average product (ii...
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- What is meant by returns to a factor ? State the law of diminishing re...
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- Briefly discuss the relationship between AP and MP.
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- What is meant by returns to a factor ? What leads to increasing return...
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- What is meant by diminishing returns to a factor? Why does it occur ?
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- In which phase a rational producer will operate in the short run ?
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- Giving reasons explain the Law of Variable Proportions
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- Relate TP and MP using a schedule.
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- Complete the following table :
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- State the behaviour of marginal product in the law of variable proport...
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- State different phases of the law of variable proportions on the basis...
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- Explain the changes that take place in total product and marginal prod...
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- Define marginal product, state the behaviour of marginal product when ...
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- Give the behaviour of marginal product and total product as more and m...
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