ECO401 - question 2 - explaination

[mc090401414 Usman Tariq]

Question No: 37    ( Marks: 5 )   (image attached)

  

A.     In the above figure, total product of labour curves are drawn for three different cases. Identify what do the curves (a), (b) and (c) show about marginal product of labour.

B.     What is the relationship between marginal product of labor curve and total product of labor curve?

[!~Mishel~!]

Answer A

a) MPL is increasing at increasind rate

b) MPL is constant means unit increase in lobar give unit increase in output

c)Increasing at decreasing rate

--
****************************************************************************************
You received this message because you are subscribed to the Google
Groups "vuZs" group.
**
To join this group visit http://groups.google.com/group/vuZs/subscribe?hl=en
**
for posting on this group, send email to vu...@googlegroups.com
**
Posting Rule: Please Start your subject line with subject code (like MGT501, MGT402)
**
For old Papers, online Quizzes, Assignments, visit
http://groups.google.com/group/vuZs/web/mba
**
To unsubscribe from this group, send email to
vuZs+uns...@googlegroups.com
**
For more options, visit this group at
http://groups.google.com/group/vuZs?hl=en

--
~*I do it because I can*~
~*I can because I want to*~
~*I want to because you said I couldn't*~