Question

किसी साधन के सीमान्त उत्पाद में परिवर्तन होने पर कुल उत्पाद पर क्या प्रभाव पड़ता है?

Answer 1

Answer:

Marginal costs ∆L∕∆Q (the change in quantity of labor to effect a one unit change in output) = 1∕MPL. Thus if the marginal product of labor is rising then marginal costs will be falling and if the marginal product of labor is falling marginal costs will be rising (assuming a constant wage rate).