During the first stage of a total product curve, the total product is ______
Increasing
The correct answer is option 4. In the first stage of the total product curve, output increases with each additional unit of input due to increasing returns.
What is constant along an isoquant?
The full form of the self-employment programme REGP is _______.
| (i) Stage-I | (a) Total product declines, Marginal product is negative |
| (ii) Stage-II | (b) Total product increases at an increasing rate, marginal product positive |
| (iii) Stage-III | (c) Total product increases at a diminishing rate, marginal product is zero. |