Lesson 3 of 9 • 7 upvotes • 4:32mins
In this lesson we will be talking about Marginal Physical Product and numerical on the same.
9 lessons • 1h 4m
Production Function: What is Production? Factors of Production and Total Physical Product
9:07mins
Average Physical Product
5:00mins
Marginal Physical Product
4:32mins
Types of Production Functions
5:59mins
The Law of Variable Proportions
9:17mins
The Law of Variable Proportions: Explanation of Schedule and Diagram and Assumptions to the Law
9:41mins
Difference between Law of Variable Proportions and Returns to Scale
5:53mins
Production Function: Some Important Relationships
8:14mins
High Order Thinking Skills Questions
7:05mins