Download App

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 FACTOR1 Mark
MCQ
When average product (output) increases, marginal product is:
  • A
    equal to average product
  • ✓
    greater than average product
  • C
    less than average product
  • D
    zero
✓

Answer

Correct option: B.
greater than average product
(b)

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 "M.C.Q (1 Marks)" from MICROECONOMICS CH : 7 PRODUCTION FUNTION AND RETURNS TO A FACTOR→MICROECONOMICS CH : 7 PRODUCTION FUNTION AND RETURNS TO A FACTOR — all question types→Economics STD 11 Commerce question papers→CBSE Board STD 11 Commerce question papers→CBSE Board question paper generator→

Similar questions

When both demand and supply increase in the same proportion then equilibrium quantity will:
→
If on a piece of land, a farmer can produce either $1000\ kg$ rice or $1500\ kg$ pulses with given resources, then find the opportunity cost of producing pulses.
→
A straight line supply curve passing through the origin forming an angle of $60^{\circ}$ indicates:
→
When supply falls due to factors other than own price of the commodity, it indicates:
→
A perfectly inelastic supply curve will be:
→
Short-run production function means:
→
According to economic growth, Production Possibility Curve will show $.........$
→
A Market structure which produces heterogeneous products is called:
→
A rise in income of the consumer $X$ leads to a fall in the demand for the good A by him. What is the good A called?
→
The government does not interfere in the process of decision-making under:
→