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प्रश्न
The short-run production is studied through
पर्याय
The Laws of Returns to Scale
The Law of Variable Proportions
Iso-quants
Law of Demand
उत्तर
The Law of Variable Proportions
APPEARS IN
संबंधित प्रश्न
State the behaviour of marginal product in the law of variable proportions. Explain the causes of this behaviour
What is the law of variable proportions?
Answer the following question.
Explain the law of variable proportions with the help of a diagram.
Formula for calculating AP is
Who said, that one of the key of an entrepreneur is “uncertainty bearing”.
Modern economists have propounded the law of
Bring out the Relationship among Total, Average and Marginal Products.
Which one of the following is NOT a ceteris paribus assumption of the Law of Supply?
Why is the AVC curve U-shaped?
At the point of inflexion, ______ is maximum.
With the help of a diagram, explain the relationship between Average Product and Total Product under the Law of Variable Proportions.
Study the data given below and identify the laws followed in the production of A and B depicted in the Table I and Table II. Justify your answer with a reason for each.
| Table I | Table II | ||||
| Machines | Labour | Output of A (units) | Machines | Labour | Output of B (units) |
| 5 | 10 | 1000 | 5 | 10 | 400 |
| 5 | 11 | 1150 | 10 | 20 | 800 |
| 5 | 12 | 1310 | 15 | 30 | 1200 |
What are Average product?
What are Marginal product?
Which stage of the Law of Variable proportions will be the best for the producer? Explain with a reason.
