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

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✅ In this video,
✔️ Class: 11th
✔️ Subject: Economics
✔️ Chapter: Production And Cost
✔️ Topic Name: Law of Variable Proportions
✔️ Topics Covered in This Video: Law of Variable Proportions
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thank you so much mam, i was literally sufferring with this concept, now it has become crystal clear for me........

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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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27:51 ❤❤❤

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What is the correct defination of law of variable ?

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Wonderful explanation mam to thank you so much

[@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

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

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

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Mam which stage is best for production?? Stage one

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Stage 2

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27: 49 ❤️ kya ada hay madam ka.. kya smile hai!!!

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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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Nice explanation ☺️

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