Marginal product of labour first rises and then starts falling. This is due to:
the law of variable proportions
The law of variable proportions states that when one input is increased while others are held constant, the marginal product of the variable input initially increases, reaches a maximum, and then begins to decline. This explains why the marginal product of labour first rises and then falls.
Similar Questions
Reduction in tax rate in the economy is an example of ________.
Which of the following factors of production brings together all the other factors of production?
Before the year ________, India was in the first stage of demographic transition.
The Comptroller and Auditor-General shall have the authority to audit and report on the account of stores and stock kept in any office or department of the Union or of a State under Section ______ of the Comptroller and Auditor-General's (Duties, Powers and Conditions of Service) Amendment Act, 1971.
Article ______ states that the Comptroller and Auditor-General shall not be eligible for further office either under the Government of India or under the Government of any State after he has ceased to hold his office.
Which of the following statements is true with respect to the law of demand?
The 14th Finance Commission did NOT recommend grants to states for _______.
Price taking behaviour - is a key characteristic of which market form?
Elasticity of Demand is defined as:
The recommendations of the 15th Finance Commission on the revenue distribution consider:
Important Questions from Indian Economic and Human Geography
Which of the following Indian states has the greatest number of sugar mills?
Consider the following crops:
1. Cotton
2. Groundnut
3. Rice
4. Wheat
Which of these are Kharif crops?
India possesses an expansive and continuously growing road network, vital for its economic and social development. When considering the cumulative length of national highways, state highways, and other categories of roads, India's road system is surpassed in total length by only one other country globally. What is India's rank in the world in terms of its total road network length?
According to the 2011 Census of India, which state has lowest population density?
In India, oil wells are found in:
