Download App

Production and cost — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsProduction and cost2 Marks
Question
Comment on the following statement: “Diminishing returns occur when total output falls as additional units of labour are combined with fixed inputs in the production process."
✓

Answer

The statement is false because diminishing returns occur when marginal product falls as additional units of labour are combined with fixed inputs in the production process.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "2 Marks Question" from Production and cost→Production and cost — all question types→Economics STD 12 Humanities & Commerce question papers→Rajasthan Board STD 12 Humanities & Commerce question papers→Rajasthan Board question paper generator→

Similar questions

Define Marginal Rate of Substitution. Explain its behaviour along an indifference curve.
→
Can an economy be in equilibrium when there is unemployment in the economy? Explain.
→
'AC is more consistent than MC'. Discuss.
→
Quantity supplied of a commodity increases by 50% when its price rises from ₹ 8 per unit to ₹ 10 per unit. Calculate elasticity of supply.
→
Price elasticity of demand of good X is −2 and of good Y is −3.
Which of the two goods is more price elastic and why?
→
Define depreciation reserve fund.
→
When does the producer bear losses in the short-run?
→
Distinguish between intermediate goods and final goods. Also give examples.

OR

Distinguish between final goods and intermediate goods. Give an example of each.

→
Distinguish between a factor payment and a transfer payment.
→
The feature ‘large number of sellers’ under perfect competition.
→