PRODUCTION FUNCTION
SEND THE SCREENSHOT OF YOUR SCORE TO WHATSAPP OF SIR.
THE AVERAGE PHYSICAL PRODUCT IS DEFINED AS........................
TPP*N
TPP/N
MPP/N
........................REFERS TO A CHANGE IN TPP BY EMPLOYING AN ADDITIONAL UNIT OF A VARIABLE FACTOR.
APP
MPP
TPP
ALL THE FACTORS ARE VARIABLE IN SHORT RUN?
FALSE
TRUE
WHEN TPP RISES, THE MPP MAY.....................................
INCREASE
DECREASE
BOTH MAY INCREASE OR DECREASE DEPENDING UPON THE RATE OF INCREASE IN TPP
NONE OF THE ABOVE
WHEN MPP IS NEGATIVE, THE APP..............................
IS ALSO NEGATIVE
FALLS
INCREASES
REMAINS CONSTANT
MACHINERY OF BIG SIZE IS A .............................
FIXED FACTOR
VARIABLE FACTOR
BOTH FIXED AND VARIABLE
NONE OF THE ABOVE
WHEN MPP IS ZERO, TPP IS................................
MINIMUM
MAXIMUM
CONSTANT
FALLS
THE PRODUCER OPERATES IN THE................................OF LAW OF VARIABLE PROPORTION
THIRD STAGE
FIRST STAGE
SECOND STAGE
NONE OF THE ABOVE
IF A FIRM EMPLOYS 50 WORKERS AND ITS APP IS 10 UNITS, WHAT WILL BE VALUE OF TPP?
50
500
5000
5
IF MPP IS NEGATIVE, TPP........................
INCREASES
DECREASES
IS ZERO
CONSTANT
MATCH THE FOLLOWING
DELTA TPP/DELTA N
PRODUCTION
TPP/N
APP*N
TPP
APP
MPP
CREATION OF UTILITY
EXPLAIN LAW OF VARIABLE PROPRTION.
NOTE. WRITE YOUR ANSWER HERE AND SEND DIAGRAM ON WHATS UP NO. OF NARULA ACADEMY AFTER DRAWING IT ON YOUR COPY AND CLICKING ITS PHOTO.
WHY DOES FIRST STAGE OF LAW OF VARIABLE PROPRTIONS OPERATE? GIVE REASONS
DEFINE FOLLOWING THREE TERMS
1.PRODUCTION FUNCTION
2.TOTAL PHYSICAL PRODUCT
3.MARGINAL PHYSICAL PRODUCT
EXPLAIN THE RELATION BETWEEN MPP AND TPP
