MCQ
Which of the following equations is correct?
- A$MP = TP _{ n }- TP _{ n -2}$
- B$AP = TP \times L$
- C$TP =\frac{ AP }{ L }$
- ✓$MP =\frac{\Delta TP }{\Delta L }$
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| Possibility 1 | Employment in firm-A at the wage of ₹7,000 P.M |
| Possibility 2 | Employment in firm-B at the wage of ₹8,500 P.M. |
| Possibility 3 | Employment in firm-C at the wage of ₹12,000 P.M. |
| Possibility 4 | Employment in firm-D at the wage of ₹11,000 P.M. |
| Price (₹) | Quantity Demanded (Units) | Quantity Supplied (Units) |
| 5 | 100 | 500 |
| 4 | 200 | 400 |
| 3 | 300 | 300 |
| 2 | 400 | 200 |
| 1 | 500 | 100 |