Download App

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

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsProduction and cost1 Mark
Question
Define marginal product.
✓

Answer

It is the addition to total product when one more unit of the variable input is increased.

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 "Answer The Following Questions In One Sentence.[1 Marks Each]" 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

If inflation is higher in country A than in Country B, and the exchange rate between the two countries is fixed, what is likely to happen to the trade balance between the two countries?
→
Why APC falls with the increase in income?
→
Define Central Bank.
→
Define Net Factor Income from Abroad.
→
Give one reason for 'decrease' in supply of a commodity.
→
Why is the demand curve under monopoly less elastic as compared to the demand curve under monopolistic competition?
→
Give two examples of underutilization of resources.
→
If the revenue receipts are ₹ 1,000 crores and revenue expenditure is ₹ 1,200 crores, how much will be the revenue deficit?
→
When will balance of trade show a surplus?
→
At a price of ₹ 15 per unit of a good, demand for the good is 200 units while supply is 300 units. What is likely to be its effect on price of this good?
→