Total Product
Trending Questions
Q. From the following table, find TP and MP of labour assuming that TP of labour is zero at zero level of employment of labour.
Unit of Labour | 1 | 2 | 3 | 4 | 5 |
AP | 15 | 14 | 13 | 12 | 11 |
Q. If one unit of labour and one unit of capital give 200 units of output, two units of labour and two units of capital give 400 units of output and 5 units of labour and five units of capital give 1000 units of output then this is a case of _____________________.
- Constant Returns to Scale.
- Decreasing Returns to Scale.
- Increasing Returns to Scale.
- All of these.