Your list · 0 हिं

Production Function: TP, MP and AP · Question 36 of 62

Question 36

MediumOriginal question

In the first phase of the law of variable proportions,

TP rises at a diminishing rate and MP fallsCorrect answerYour answerTP rises at an increasing rate and MP risesCorrect answerYour answerTP falls and MP is negativeCorrect answerYour answerTP is constant and MP is zeroCorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer B

Correct answer: B

At first the fixed input is under-used, so adding workers raises output more than in proportion.
In the schedule, MP rises from 10 to 15 over the first 3 workers.

Concept: First phase
Typical timeTypical: 70 s
Your timeYours: —

The rule this testsThe law of variable proportions

Practise this chapter →

Ten questions from Production Function: TP, MP and AP, at your own pace.

Practise this chapter →

Ten questions from Production Function: TP, MP and AP, at your own pace.

Practise this chapter All 62 questions in Production Function: TP, MP and AP Revise the notes for Production Function: TP, MP and AP