Class 11 Economics Chapter 3 | Law of Variable Proportions - Production and Cost

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Tq so much for explaining variable proportions 😍

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Hi there! Thank you so much for your kind words! We are glad that our videos have helped you understand the concepts better and prepare for your MBA exam. We wish you all the best for your upcoming exams!

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Previous Video : Practicals on Product - Class 11th Economics kzbin.info/www/bejne/rWTMe4Wlip2oiJI Next Video : Stages of law of variable proportion - Class 11th Economics kzbin.info/www/bejne/fmG3fZyqoLSfgKc

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can you please talk about rational consumer a bit and why it chooses 2nd stage not the first ?

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Because at this stage maximum utilisation of resources occurs

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L

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With due respect our clg teacher also explain this same topic but I can't understand but know after this video all duts are finished...tq mama🥰

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What is the correct defination of law of variable ?

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Mam which stage is best for production?? Stage one

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Stage 2

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Please explain marginal product

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Thankyouuuuu ma'am ❤

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Mam can we also say tht as the labours increases ...it leads to disguised unemployment??

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It's not about that labour dont want to work it's the land is limited if you keep on increasing labour the size of land will not increase

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Nice explanation ☺️

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Madam , kindly give the Important Notes Theory as well as Practical questions for Term 2 Chapter 5 Production function as per (Sandeep garg Book).

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Very nice ma'am

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[@skd..8135]

Are law of diminishing marginal product and law of variable proportion same???? Please tell....

[@anikethpanchadhar]

Mam I have a doubt. When MP reaches 0, it means that there is no change in outcome received by adding additional input of variable factor. But when MP becomes negative, how can output received by adding additional input of variable factor become negative? I didn't understand how MP becomes negative due to inefficiency?

[@sakshivishnoi7707]

When more and more variable factors are employed with fixed factor , they do not generate enough of total product after a certain point i.e. when total product reaches its maximum , it starts declining , making MP negative. MP becomes negative because total product decreases.

[@sakshivishnoi7707]

Because of inefficiency total product starts decreasing making marginal product negative.

[@aquirkymooncake1988]

Aniketh P MP is indirectly affected frm the inefficiancy . When there is more labour than required , it is counterproductive and TP decreases making MP negative MP is basically the amount of INCREASE in TP . if TP changes frm 4 to 7 ,MP = 3 If TP decreases ,say frm 15 to 10 then MP will be negative . MP = -5 ,i.e , the increase is -5 ,in negative , meaning TP is decreasing

[@SimplifiedWallah]

@@sakshivishnoi7707 Exellent explanation

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@@aquirkymooncake1988 Exellent explanation

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Mam, my school teacher say that the definition of law of variable proportion is wrong

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They are wrong

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She teaches very gd but make the concept long which is actually not required...... Make it short and efficient

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Yes I also think so

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Kamal ha bohat ashy

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TP and AP can never be negative. As I know.

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Exactly 💯

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Thnx mam..

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