Question
What type of production function is this in which only one input is increased and others kept constant? State the behaviour of total product in this production function.
Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.
|
Price per unit (₹)
|
A
Quantity supplied initially(units per period)
|
B
Quantity supplied after (units per period)
|
|
1
|
20
|
0
|
|
2
|
40
|
20
|
|
3
|
60
|
40
|
|
4
|
80
|
60
|
|
5
|
100
|
80
|
| Price (Rs.) |
Output (Units) |
Total Revenue (Rs.) |
Marginal Revenue (Rs.) |
| - | 1 | 6 | - |
| 4 | - | - | 2 |
| - | 3 | 6 | - |
| 1 | - | - | - 2 |
|
Output (Units)
|
Average Variable Cost (₹)
|
Total Cost (₹)
|
Marginal Cost (₹)
|
|
1
|
-
|
60
|
20
|
|
2
|
18
|
-
|
-
|
|
3
|
-
|
-
|
18
|
|
4
|
20
|
120
|
-
|
|
5
|
22
|
-
|
-
|
| Price(₹) | Output (Units) | TR(₹) | MR(₹) |
| 7 | -- | 7 | -- |
| -- | 2 | 10 | -- |
| -- | 3 | -- | (-)1 |
| 1 | -- | -- | (-)5 |