Rs. 30,000
Rs. 35,000
Rs. 70,000
Rs. 75,000
accounting profit will exceed economic profit.
economic profit will always be zero.
economic profit will exceed accounting profit
accounting profit will always be zero.
is linear (a straight line)
becomes steeper as the quantity of the input increases.
could be any of these answers.
becomes flatter as the quantity of the input increases.
0
10
17
23
constant marginal product of labour.
diminishing marginal product of labour
increasing returns to scale.
increasing marginal product of labour