In the first stage of law of variable proportions

The total product increases at an increasing rate

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The total product increases at a diminishing rate

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The marginal product increases at a diminishing rate

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The marginal product becomes negative

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Solution

The correct option is B The total product increases at an increasing rate
In the first stage of law of variable proportions at the initial stages, the total product tends to rise at an increasing rate when the producer employs more units of a variable factor to the fixed factors.

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Similar questions

Giving reasons, state whether the following statements are true or false:
(i) Average product will increase only when marginal product increases.
(ii) Under diminishing returns to a factor, total product continues to increase until marginal product reaches zero.

State the behaviour of marginal product when only one input is increased and other inputs are held constant.

Explain what you understand by the "law of diminishing marginal product".

Q. According to the law of diminishing marginal utility, at what rate does total utility increase and what happens to marginal utility?

Complete the following table:

$\begin{matrix} Output units & Average fixed cost (Rs) & Marginal cost (Rs) & Average variable cost (Rs) & Average cost (Rs) 1 & 60 & 20 & - & - 2 & - & - & 19 & - 3 & 20 & - & 18 & - 4 & - & 18 & - & - 5 & 12 & - & - & 31 \end{matrix}$

State whether the following statements are true or false. Give reasons for your answer: a. Under diminishing returns to a factor marginal product and total product both increase at a diminishing rate. b. When marginal cost rises, average cost also rises. c. Marginal revenue can never be negative.

Q. Diminishing marginal returns for the first four units of a variable input is exhibited by which of these total product sequences:

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In the first stage of law of variable proportions

The correct option is B The total product increases at an increasing rateIn the first stage of law of variable proportions at the initial stages, the total product tends to rise at an increasing rate when the producer employs more units of a variable factor to the fixed factors.

The correct option is B The total product increases at an increasing rate
In the first stage of law of variable proportions at the initial stages, the total product tends to rise at an increasing rate when the producer employs more units of a variable factor to the fixed factors.