Let a firm employs 10 labourers to produce 150 units of output. If 11 labourers are employed to produce 166 units of output, then the marginal product is

Related MCQs

• If a firm produces 200 units of commodity X by employing 10 workers and 240 units of the same commodity by employing 12 workers, then the Average Product of the worker is
• In a perfect competition, a firm earns super normal profit when the AR of the firm _____ the ACT of the firm.
• In a firm doubles all inputs, and output doubles as well, the firm is subject to
• ________ refers to the quantity of a commodity which a firm is willing to produce and offer for sale.
• In the case of a perfectly competitive firm, the demand curve for product is
• The additional cost incurred to produce an additional unit of output is _______
• As output increases, AFC of a firm
• When the price of a complementary product falls, the demand for the other product will ___
• Marginal cost is defined as
• The Law of Diminishing Marginal Utility was developed by ____________