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Comment on the following statement: "Dim...

Comment on the following statement: "Diminishing returns occur when total output falls as additional units of labour are combined with fixed inputs in the production process."

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The statement is false because diminishing returns occur when marginal product falls as additional units of labour are combined with fixed inputs in the production process.
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Comment on the following statement: "When average product and marginal product are equal, marginal product is at its maximum."

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

When there are diminishing returns to a factor, marginal and total product both always fall.

When there are diminishing returns to a factor, total product first increases and then starts falling.

FULL MARKS-PRODUCTION-NCERT TEXTBOOK QUESTIONS SOLVED
  1. Average product will increase only when marginal product increases. ...

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  2. Under diminishing returns to a factor, total product continues to incr...

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  3. State the behaviour of marginal product in the law of variable proport...

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  4. If diminishing marginal returns will set in after the very first unit ...

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  5. Explain the differences between variable factors and fixed factors.

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  6. Explain how is it possible for marginal product to fall while average ...

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  7. Assume the marginal product for a particular good is constant. Describ...

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  8. Comment on the following statement: "When average product and marginal...

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  9. Comment on the following statement: "Diminishing returns occur when to...

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  10. A farmer in Punjab transports wheat from the farm to a flour mill. Is ...

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  11. How can the productivity of Human resources be increased?

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  12. Availability of agricultural land (fixed factor) is limited in the wor...

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  13. Though the contribution of plastic industry in GDP is more, yet why is...

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  14. Which one of the following will be treated as labour in economics? Giv...

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  15. What efforts should be made in an economy for the continuous use of ex...

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  16. The data below shows the relationship between total output and the amo...

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  17. Give reasons for the following statements: (i) Variable factor prop...

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  18. If the total product curve is a straight line through the origin, what...

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  19. Explain the differences between variable factors and fixed factors.

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  20. Give reasons for the following statements: (i) Variable factor prop...

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