Marginal product is………….

Related MCQs

• The demand for a product is 25 units when the price is `10, however the demand rises to 26 when the price is reduced to `9.9 per unit. The marginal revenue from production and sale of additional unit from 25 to 26 is
• The difference between Gross National Product (GNP) and Gross Domestic Product GDP) is
• Increase in price of a product reduces the purchasing power as a result of which demand for a product goes up. This effect is known as
• If an Individual Y has a demand of 6 units of the product of market price of the product will be ………….. (Ref. Q. No. 269)
• If there are 5000 customers for the product, the aggregate market demand for the product at market price `2 in the question No. 269 will be ………….
• The individual demand and supply curve of a product are Dx = 12-2px, Sx=3+5px, where Px stand for price and Dx and Sc respectively stands for quantity demanded and quantity supplie(d) If there are 5000 consumers and 1000 suppliers for the product under question. What will be the equilibrium price
• If the question No. 286 despite reduction in price to `9.9 the demand for the product remains at 25 units we can say that the demand for the product is
• By definition, the marginal propensity to consume
• Marginal cost is defined as…………………….
• In question No. 123 the marginal cost of producing 2nd unit is