Find the correct statements from the following in respect to production: A. Average Product of Labour (AP_L)= Total Product of Labour / Labor. B. Marginal Product of Labour (MP_L)= Change in total Product of Labour / Change in Labour. C. Addition input gives constant return in increasing return to scale concept. D. Law of variable proportions say that the marginal product of a factor input initially rises with its employment level, then after certain level it start falling. Choose the correct answer from the options given below:

Question

Option 1: A, C and D only

Option 2: D, B and C only

Option 3: A, B and D only

Option 4: A, B, C and D

AfterBoards · Accepted Answer

The answer is 'A, B and D only'. View full solution:

CUET Economics 2026 31st May Shift 1 PYQs

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