Question
Giving reason, classify the into intermediate or final goods.
Cotton used by a cloth mill.
Cotton used by a cloth mill.
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Units of labour | TP | $\text{MP}_\text{L}$ | $\text{AP}_\text{L}$ |
1. | 20 | - | - |
2. | - | 22 | - |
3. | - | - | 22 |
OR
State the different phases in the behaviour of total product in the law of variable proportions. Also, show the same in a diagram.OR
Explain the law of variable proportions with the help of total product curve. Use diagram.