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Theory of consumer behaviour — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsTheory of consumer behaviour1 Mark
Question
Which of the following equations is correct?
(AP: Average product)
(Q: Output)
(L: Variable factor)
(MP: Marginal Product)
  1. $\text{AP}=\frac{\text{Q}}{\text{L}}$
  2. $\text{MP}=\frac{\text{Q}}{\Delta\text{L}}$
  3. $\text{MP}=\frac{\Delta\text{Q}}{\text{L}}$
  4. $\text{None of these}.$
✓

Answer

  1. $\text{AP}=\frac{\text{Q}}{\text{L}}$

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