In Vijayawada, Guru has software company and he produces various software by using different combinations of...

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In Vijayawada, Guru has software company and he produces various software by using different combinations of labour and capital to product that. In a month, he recruits labour and adds capital for production and He tries 10 different combinations of capital and labour to produce the output. The output is registered 4, 10, 18, 28, 38, 48, 58, 65, 70 and 74 quintals respectively. By using this information, answer the following questions: A. Find out the average and marginal productivity of capital and labour for the commodity and draw respective diagrams for the variables? (4 marks) B. Discuss the different scale of production (law of retums to scale) which will give optimal production to the producers. (4 marks) C. Why do both labour and capital forces determine the Guru's output level here? Discuss. (3 marks) D. Briefiy explain the functions and objectives of the RBI to control infiation rate in India? (4 marks) In Vijayawada, Guru has software company and he produces various software by using different combinations of labour and capital to product that. In a month, he recruits labour and adds capital for production and He tries 10 different combinations of capital and labour to produce the output. The output is registered 4, 10, 18, 28, 38, 48, 58, 65, 70 and 74 quintals respectively. By using this information, answer the following questions: A. Find out the average and marginal productivity of capital and labour for the commodity and draw respective diagrams for the variables? (4 marks) B. Discuss the different scale of production (law of retums to scale) which will give optimal production to the producers. (4 marks) C. Why do both labour and capital forces determine the Guru's output level here? Discuss. (3 marks) D. Briefiy explain the functions and objectives of the RBI to control infiation rate in India? (4 marks)

Answer rating: 100% (QA)

A Average productivity total product amount of labor 41310 413 Marginal productivity changes in tota... View the full answer