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SK AGGARWALA-PRODUCTION FUNCTION : RETURNS TO A FACTOR-SHORT ANSWER QUESTIONS - II
- Explain the concepts of TP, AP and MP.
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- What does the law of variable proportions state ? State the three phas...
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- Explain the reasons behind the three phases of the law of variable pro...
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- Represent the law of variable proportions diagrammatically and mark it...
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- Explain the relation between MP and AP.
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- Explain the relation between MP curve and AP curve.
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- Explain the relation between TP and MP.
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