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Explain the relationship between Total P...

Explain the relationship between Total Product and Average Product.

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(i) When Total Product increases at an increasing rate, Average Product also increases.
(ii) When Total Product increases at a diminishing rate, Average Product declines.
(iii) Since Total Product is always positive, Average Product also remains throughout positive.
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FULL MARKS-PRODUCTION-NCERT TEXTBOOK QUESTIONS SOLVED
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  2. Explain the relationship between Marginal product and Average Product....

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

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

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

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

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  7. Complete the following table.

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  8. Complete the following table.

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  9. Complete the following table:

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

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  11. Complete the following table:

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

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

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

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

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  16. Total product will increase only when marginal product increases.

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  17. Increase in total product always indicates that there are increasing r...

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  18. When there are diminishing returns to a factor, marginal and total pro...

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  19. When there are diminishing returns to a factor, total product first in...

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  20. Total product always increases whether there is increasing returns or ...

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