Match the following:
| Column I | Column II |
| 1. When AP is maximum | a. Production Function |
| 2. When AP rises | b. MP= AP |
| 3. Technical relation between inputs and Outputs | c. MP>AP |
| 4. Return to a factor | d. Law of Variable Proportion |
Answer & explanation
Correct answer: option 1
The correct answer is Option 1: 1-b, 2-c, 3-a, 4-d
| Column I | Column II |
| 1. When AP is maximum | b. MP= AP |
| 2. When AP rises | c. MP>AP |
| 3. Technical relation between inputs and Outputs | a. Production Function |
| 4. Return to a factor | d. Law of Variable Proportion |
The Law of Variable Proportions explains how output changes when one input is varied while others remain fixed.