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Home /Doubts and Solutions/CBSE/Class 12 Commerce/Microeconomics/Production And Costs/Production Theories And Concept Of Tp Ap And Mp

Production Theories And Concept Of Tp Ap And Mp Free Doubts and Solutions

CBSE - XII Commerce - Microeconomics - Production and Costs

Find out the average physical product and marginal product from the total product given below? Units of Variable Factor Total Product 0 0 1 4 2 12 3 24 4 32 5 34 6 30  

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CBSE - XII Commerce - Microeconomics - Production and Costs

Complete the table given below with the assumption that for every additional unit of the variable input, the marginal product decreases by 2 units of output. Units of Variable Factor Input TP AP MP 1       2       3       4        

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CBSE - XII Commerce - Microeconomics - Production and Costs

Define Marginal Product.

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CBSE - XII Commerce - Microeconomics - Production and Costs

Define Average Product.

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CBSE - XII Commerce - Microeconomics - Production and Costs

Define Total Product.

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CBSE - XII Commerce - Microeconomics - Production and Costs

Distinguish between a firm in the short run and long run.

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CBSE - XII Commerce - Microeconomics - Production and Costs

What is the difference between fixed input and variable input?

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CBSE - XII Commerce - Microeconomics - Production and Costs

What is production function?

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