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प्रश्न
Which stage of the Law of Variable proportions will be the best for the producer? Explain with a reason.
उत्तर
The producer will take the decision of his operation, among these three stages, through the process of elimination. Stage III will be eliminated as MP< 0. If the producer operates at any point in stage I before it ends, he won’t be able to enjoy the full advantage of maximum productivity as AP is continuously rising over the entire stage. Therefore, a rational producer will operate only in stage II.
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संबंधित प्रश्न
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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 |
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What are Marginal product?
With the help of a suitable diagram, discuss the relationship between Average product and Marginal Product.
