Practicing Success
Practicing Success
CUET Preparation Today
| Case study: If by the use of one unit of labour, 2 quintals of wheat is produced by a farmer and by the use of two units of labour, 5 quintals of wheat is produced. On the basis of this information, answer the following question. |
| What will be the Marginal Product of wheat? |
1 quintal of wheat 2 quintal of wheat 3 quintal of wheat 4 quintal of wheat |
| 3 quintal of wheat |
| Marginal product= Changed output/ changed input. MP= Change in TP/Change in Labour MP=(5-2)/1=3 |
