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MICROECONOMICS CH : 7 PRODUCTION FUNTION AND RETURNS TO A FACTOR — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsMICROECONOMICS CH : 7 PRODUCTION FUNTION AND RETURNS TO A FACTOR2 Marks
Question
Find TP when 5 units of the variable factor are combined with 5 units of the fixed factor and MP remains constant at 10 units.
✓

Answer

When MP remains constant at 10 units, and 5 units of the variable factor are used,
TP=10+10+10+10+10=50.$\quad$$\quad$$\quad$(∴ ΤΡ = ΣΜΡ)
TP = 50.

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