Match List-I with List-II (TP: TOTAL PRODUCT; L: UNITS OF LABOUR)
|
List-I |
List-II |
|
(A) $TP/L$ |
(I) Total Product is maximum |
|
(B) $ΔTP/ΔL$ |
(II) Marginal product |
|
(C) $∑ΜΡ$ |
(III) Total product |
|
(D) $MP=0$ |
(IV) Average Product |
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → (A)-(IV), (B)-(II), (C)-(III), (D)-(I)
|
List-I |
List-II |
|
(A) $TP/L$ |
(IV) Average Product |
|
(B) $ΔTP/ΔL$ |
(II) Marginal product |
|
(C) $ΣΜΡ$ |
(III) Total product |
|
(D) $MP=0$ |
(I) Total Product is maximum |