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What is the total product of a factor?a)The amount of total output produced by all factorsb)The amount of total output produced by a single factor, with all other factors held constantc)The amount of total output produced by a single factor, with other factors varyingd)The amount of total output produced by a single factor, with fixed factors increasingCorrect answer is option 'B'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared
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What is the total product of a factor?a)The amount of total output produced by all factorsb)The amount of total output produced by a single factor, with all other factors held constantc)The amount of total output produced by a single factor, with other factors varyingd)The amount of total output produced by a single factor, with fixed factors increasingCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for What is the total product of a factor?a)The amount of total output produced by all factorsb)The amount of total output produced by a single factor, with all other factors held constantc)The amount of total output produced by a single factor, with other factors varyingd)The amount of total output produced by a single factor, with fixed factors increasingCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of What is the total product of a factor?a)The amount of total output produced by all factorsb)The amount of total output produced by a single factor, with all other factors held constantc)The amount of total output produced by a single factor, with other factors varyingd)The amount of total output produced by a single factor, with fixed factors increasingCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice What is the total product of a factor?a)The amount of total output produced by all factorsb)The amount of total output produced by a single factor, with all other factors held constantc)The amount of total output produced by a single factor, with other factors varyingd)The amount of total output produced by a single factor, with fixed factors increasingCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice B Com tests.