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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 FACTOR1 Mark
MCQ
When MP is constant:
  • A
    TP is also constant
  • B
    TP is zero
  • ✓
    TP is increasing at a constant rate
  • D
    TP is decreasing at a constant rate
✓

Answer

Correct option: C.
TP is increasing at a constant rate
(c)

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