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प्रश्न
What is the behaviour of Total Variable Cost, as output increases?
उत्तर
Initially, as more and more units of output are produced, then Total Variable Cost increases at a diminishing rate and thereafter, a certain level of output, it increases but at an increasing rate.
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संबंधित प्रश्न
Explain the law of diminishing marginal utility.
Explain the law of diminishing marginal utility with the help of a total utility schedule.
Explain with reasons, whether you agree or disagree with the following statement
The law of 'diminishing marginal utility' is important in practice.
Explain the importance of the law of Diminishing Marginal Utility.
Assumption to the Law of diminishing Marginal util.
Answer with reason, whether you agree or disagree with the following statement.
The law of diminishing marginal utility depends upon assumptions.
Give reasons or explain the following statement:
In a rich country marginal propensity to consume is less.
State the following statement is True or False:
The law of diminishing marginal utility explains economic behaviour of a rational consumer.
Answer in detail :
State and explain the law of Diminishing Marginal Utility. Explain its assumptions.
State with reason whether you agree or disagree:
Law of Diminishing Marginal utility is important in practice.
State with reason whether you agree or disagree:
There are no real exceptions to the law of Diminishing Marginal Utility.
Answer the following question.
What is meant by "diminishing returns to a factor"? Discuss any two reasons for the operation of diminishing returns to a factor.
Answer the following question:
Explain the law of diminishing marginal utility using a hypothetical schedule.
Name the law which deals with the behaviour of marginal utility when the consumer consumes a commodity continuously at a given time. Explain this law with the help of a diagram.
