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Byju's Answer
Standard XI
Economics
Market Supply Curve
Compete the f...
Question
Compete the following table. Identify the point where TP tends to increase at the diminishing rate.
Units of Labour
TP
AP
MP
1
2
3
4
5
6
-
-
-
-
-
-
-
-
-
-
-
-
100
120
80
60
0
-60
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Solution
Units of Labour
TP
AP
MP
1
2
3
4
5
6
100
220
300
360
360
300
100
110
100
90
72
50
100
120
80
60
0
-60
It is when 3rd unit of the variable factor is applied that TP tends to increase at the diminishing rate.
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Similar questions
Q.
Complete the following table. Identify the phase of production which is relevant from the viewpoint of producer's equilibrium.
Units of Labour
T
P
A
P
M
P
1
2
3
4
5
6
7
8
4
12
24
32
36
36
28
16
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Q.
Complete the following table:
Labour(Units)
Total Product
Average Product
Marginal Product
1
2
3
4
5
6
40
-
-
180
-
-
-
-
-
-
36
-
-
60
50
-
-
-18
Q.
Fill in the blanks:
Units of Fixed Factor (Land)
Units of variable Factor (Labour)
T
P
L
A
P
L
M
P
L
10
10
10
10
10
10
10
0
1
2
3
4
5
6
0
60
-
-
340
-
-
-
-
85
-
-
-
60
-
-
-
100
-
40
-
Q.
In the following table, identify the different phases of the law of variable proportions and also explain the causes.
Variable Input (Units)
1
2
3
4
5
6
Total Product (Units)
10
22
32
40
40
35
Q.
With the help of the table given below, find producer's equilibrium using
M
R
and
M
C
approach. Give reason for your answer.
Output
(Units)
T
R
(
R
s
.
)
A
C
(
R
s
.
)
1
20
20
2
40
15
3
60
12
4
80
10
5
100
12
6
120
15
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