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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
Which of the following equations is correct?
  • ✓
    $A P=\frac{Q}{L}$
  • B
    $MP =\frac{ Q }{\Delta L }$
  • C
    $M P=\frac{\Delta Q}{L}$
  • D
    none of these
✓

Answer

Correct option: A.
$A P=\frac{Q}{L}$
(a)

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