Calculate the APP and MPP of a factor from the following table of its TPP schedule -WlinetextLevel of Factor - 0 - 1 - 2 - 3 - 4 - 5 - 6 - 7 text TPP - 0 - 5 - 12 - 20 - 28 - 35 - 40 - 42 Wlhlineend array

[ APP amp; 0 amp; 5 amp; 6 amp; 6.67 amp; 7 amp; 7 amp; 6.67 amp; 6; MPP amp; amp; 5 amp; 7 amp;8 amp;8 amp ...

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Scalar Multiplication of a Matrix

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Question

Calculate the APP and MPP of a factor from the following table of its TPP schedule :

$\begin{matrix} Level of Factor & 0 & 1 & 2 & 3 & 4 & 5 & 6 & 7 Employment TPP & 0 & 5 & 12 & 20 & 28 & 35 & 40 & 42 \end{matrix}$

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The following table gives the MPP of a factor. It is also known that the TPP at zero level of labour is zero. Determine its TPP and APP schedules.

$\begin{matrix} Units of labour & 1 & 2 & 3 & 4 & 5 & 6 Employment MPP & 50 & 110 & 150 & 180 & 180 & 150 \end{matrix}$

The following table gives the APP of a factor, it is also known that the TPP at zero level of labour is zero. Determine its TPP and MPP schedule.

$\begin{matrix} Units of labour & 1 & 2 & 3 & 4 & 5 APP & 50 & 45 & 40 & 35 & 30 \end{matrix}$

What will you say about MPP of a factor when TPP falls?

Identify the different phases of the law of variable proportions from the following schedule. Give reasons for your answer.

$\begin{matrix} Units of variable input & 1 & 2 & 3 & 4 & 5 TPP (units) & 4 & 9 & 13 & 15 & 12 \end{matrix}$

a) Distinguish between stock and supply.

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$\begin{matrix} Units Produced & TPP(in Rs.) & APP(in Rs.) & MPP(in Rs.) 1 & 100 2 & 140 3 & 140 4 & 480 \end{matrix}$

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