11. Calculate MP of the variable factor and identify the various phases of change in total product, from the
0
1
2
3
4
5
6
following schedule:
Units of variable factor (VF)
TP (units)
0 10 28 45 52 52 48
{MP:-, 10, 18, 17, 7, 0,- 4; Phases - 19 phase upto 2 units of VF;
2nd phase from 3 to 5 units of VF; 3rd phase from 6th unit of VF}
12. Identify the three phases of the Law of Variable Proportions from the following schedule:
1
2
3
4
5
20
50
70
80
60
Total Physical Product (units)
{Phases - 1st phase upto 2 units of labour; 2nd phase from 3 to 4 units of labour
3rd phase from 5th unit of labour
Units of Labour
13. From the following table, find out the phase during which there are increasing returns to a factor. Give
reasons for your answer.
Units of variable factor
1
2
3
4
5
Average Product (units)
10
12
14
14.5
14
{First Phase of increasing returns to factor is governed till 3 units of output as MP is increasing
in this phase; MP: 10, 14, 18, 16, 12)
Answers
Answer:
11. Calculate MP of the variable factor and identify the various phases of change in total product, from the
0
1
2
3
4
5
6
following schedule:
Units of variable factor (VF)
TP (units)
0 10 28 45 52 52 48
{MP:-, 10, 18, 17, 7, 0,- 4; Phases - 19 phase upto 2 units of VF;
2nd phase from 3 to 5 units of VF; 3rd phase from 6th unit of VF}
12. Identify the three phases of the Law of Variable Proportions from the following schedule:
1
2
3
4
5
20
50
70
80
60
Total Physical Product (units)
{Phases - 1st phase upto 2 units of labour; 2nd phase from 3 to 4 units of labour
3rd phase from 5th unit of labour
Units of Labour
13. From the following table, find out the phase during which there are increasing returns to a factor. Give
reasons for your answer.
Units of variable factor
1
2
3
4
5
Average Product (units)
10
12
14
14.5
14
{First Phase of increasing returns to factor is governed till 3 units of output as MP is increasing
in this phase; MP: 10, 14, 18, 16, 12)