In the second stage When marginal product is falling, total product is

Average output is falling this means

When TP is highest AP is _______ and MP is ______

When MP is falling AP is

When TP is rising AP is

When TP is rising MP is

When TP is falling AP is

When TP is falling MP is

When MP is at its Highest point

When APis at its Highest point

Supply of total land available on earth ______ when price of land pieces changes

Land is geographically

Labour is geographically

Marginal output eventually declines, this means

As per the law of variable proportion marginal product

Total product will be highest where __________ is zero

When factor proportion change the applicable law is

When scale changes the applicable law is

Rahul has employed 3 machines and 12 labourers, but to have additional production he added 2 more machines and 8 more workers, this is case of

Rahul has employed 3 machines and 12 labourers, but to have additional production he added 8 more workers, this is case of

As we move form 2 labourers to 3 labourers, average product is

Where AP = MP, average product is

As per ICAI where where MP is highest _______ is observed

As per ICAI where where AP is highest and AP = MP _______ is observed

Which of the following doesn’t happen at the end of second stage

Law of increasing returns are found in ___________ whereas increasing returns to scale are found in ________

in the first stage of law of variable proportion the quantity of fixed factor is _______ whereas the same fixed factor is _________ in the second and third stage

law of increasing returns is experienced in the ______ due to ________

law of diminishing returns is observed in the ______ due to ________

Marginal output becomes negative this means

In the short run we use fixed factors and variable factor in

Initially marginal product is above average product but as more and more labour is added there will be a point where marginal product will _______ average product and then marginal product will be below average product.

The fall in ______ product precedes fall in _______

Which of the following statement is true

find ‘x’ and ‘y’

From this table we can conclude that marginal product of 2nd labour is

From this table we can conclude that the firm is experiencing

Find ‘x’ and ‘y’

as the firm add 6th labour, the firm will be experiencing

as the firm add 6th labour, the marginal product is

Find ‘x’ and ‘y’

As we add 9th labour, the firm will be experiencing

as we add 9th labour, TP is ______, AP is ________ and MP is ______

A firm has installed capacity to produce 200 units with 6 workers. The firm has employed 7th worker when it is able to achieve production of 220 units, 8th worker further increased output to 230 units but 9the labour caused production to remain unchanged and 10th labour caused production to fall to 225 units. Marginal output of ______ is negative

A firm has installed capacity to produce 200 units with 6 workers. The firm has employed 7th worker when it is able to achieve production of 220 units, 8th worker further increased output to 230 units but 9th labour caused production to remain unchanged and 10th labour caused production to fall to 225 units. Average product of 10th worker will be

the capacity of plant and machinery is 300 units per month which need 10 workers. the firm is currently considering 2 production plans (i) produce 175 units per month (ii) produce 250 units per month. Plan 1 needs 7 workers whereas plan 2 needs 8 workers. In the first plan the utilisation of fixed factor is

the capacity of plant and machinery is 300 units per month which needs 10 workers. The firm is currently considering 2 production plans (i) produce 175 units per month (ii) produce 250 units per month. Plan 1 needs 7 workers whereas plan 2 needs 8 workers. In the first plan the division and specialisation of labour is

the capacity of plant and machinery is 300 units per month, but that needs 10 workers, the firm is currently considering 2 production plans (i) produce 175 units per month (ii) produce 250 units per month. Plan 1 needs 7 workers whereas plan 2 needs 8 workers. In the first plan the efficiency of variable factor and fixed factor is

Initially when the fixed factor is under-utilised additional quantity of labour will add to the efficiency of __________ due to __________

When marginal product of fixed factor is below average product then

There is a stage where marginal product is falling but it still above average. During this phase average product is

Average output of 5th unit is 200, marginal output of 6th unit is 250, this manes average output of 6th unit is

In the long run a firm when installs better and improved version of machinery, uses bigger space, buys larger quantity of raw material at discounted price, achieves managerial specialisation, then

In the long run a firm when installs better and improved version of machinery, uses bigger space, buys larger quantity of raw material at discounted price, achieves managerial specialisation, then the firm is able to

In the long run a firm when installs better and improved version of machinery, uses bigger space, buys larger quantity of raw material at discounted price, achieves managerial specialisation, then the firm is able to achieve increasing returns which are generally termed as

In the long run when a firm has already expanded its business and has achieved all possible economies of large scale production then further rise in scale of size of the business would give

Tushar has capacity to produce 200 units per day, He is using semi automatic machine. He has a plan to buy an automatic machine which can produce 1,000 units per day. This change will enable Tushar to

Tushar has capacity to produce 200 units per day, he is using semi automatic machine. He has a plan to buy an automatic machine which can produce 1,000 units per day. This change in plant size is usually referred as