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Marginal product, mathematically, is the...

Marginal product, mathematically, is the slope of the

A

1.Total product curve

B

2.Average product curve

C

3.Marginal product curve

D

4.Implicit product curve

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Comment on the following statement: "When average product and marginal product are equal, marginal product is at its maximum."

When marginal product rises, total product: (Choose the correct alternative)

FULL MARKS-PRODUCTION-NCERT TEXTBOOK QUESTIONS SOLVED
  1. Average product is defined as:

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  2. The change in the total product resulting from a change in a variable ...

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  3. Marginal product, mathematically, is the slope of the

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  4. Diminishing marginal returns for the first four units of a variable in...

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  5. Differentiate , between Short Period and Long Period.

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  6. Differentiate between Short Period production and Long Period producti...

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  7. Explain the relationship between Marginal product and Average Product....

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  8. Explain the relationship between Total Product and Average Product.

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  9. Explain the relationship between Total Product, Average Product and Ma...

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  10. What is the reaction of AP, when: (i) MP is more than AP. (ii) MP ...

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  11. What is the behaviour of TP, when (i) MP rises (ii) MP falls, but...

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  12. Complete the following table.

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  13. Complete the following table.

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  14. Complete the following table:

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  15. What is the law of variable proportions? OR Define the law of vari...

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  16. Complete the following table:

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  17. When the quantity of a variable input is increased from 3 units to 4 u...

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  18. When the quantity of a variable input is increased from 4 to 6 units, ...

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  19. When the marginal product of a variable input falls, total product als...

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  20. When there are diminishing returns to a factor, total product always d...

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