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प्रश्न
What are Marginal product?
उत्तर
Marginal product is the change in production for one unit change in variable factor, say labour. It’s expressed as MPL = `(∆"Q")/(∆"L")`.
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संबंधित प्रश्न
State the different phases of change in the total product according to the Law of Variable Proportions. Use diagram
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
Mention the economies reaped from inside the firm
Product obtained from additional factors of production is termed as
Define Marginal Product of a factor.
Bring out the Relationship among Total, Average and Marginal Products.
When the Marginal Product turns negative, Total Product will ______.
Why is the AVC curve U-shaped?
At the point of inflexion, ______ is maximum.
What are Average product?
With the help of a suitable diagram, discuss the relationship between Average product and Marginal Product.
