{"id":55234,"date":"2024-04-16T00:23:56","date_gmt":"2024-04-16T00:23:56","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=55234"},"modified":"2024-04-16T00:23:56","modified_gmt":"2024-04-16T00:23:56","slug":"match-the-following-list-i-list-ii-a-law-of-increasing-returns-1-tp-starts-declining-b-law-of-diminishing-returns-2-tp-is-increasing-at-the-decreasing-rate-c-law-of-negative-returns-3-mp-is-inc","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/match-the-following-list-i-list-ii-a-law-of-increasing-returns-1-tp-starts-declining-b-law-of-diminishing-returns-2-tp-is-increasing-at-the-decreasing-rate-c-law-of-negative-returns-3-mp-is-inc\/","title":{"rendered":"Match the following. List-I List-II a. Law of increasing returns 1. TP starts declining b. Law of diminishing returns 2. TP is increasing at the decreasing rate c. Law of negative returns 3. MP is increasing"},"content":{"rendered":"<p>\r\n    <!-- Check if it's an AMP page -->\r\n            <!-- Non-AMP version -->\r\n        <div class=\"mcq-container\" data-quiz-id=\"quizState_6a97975a37c1f\">\r\n                                            <div class=\"option\" data-option-key=\"option1\" data-is-correct=\"true\">\r\n                    a-3, b-2, c-1                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option2\" data-is-correct=\"false\">\r\n                    a-1, b-2, c-3                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option3\" data-is-correct=\"false\">\r\n                    a-2, b-3, c-1                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option4\" data-is-correct=\"false\">\r\n                    a-1, b-3, c-2                <\/div>\r\n                            \r\n            <!-- Feedback messages for non-AMP -->\r\n            <div class=\"feedback\" data-feedback=\"wrong\">Answer is Right!<\/div>\r\n            <div class=\"feedback\" data-feedback=\"right\">Answer is Wrong!<\/div>\r\n        <\/div>\r\n\r\n        <script>\r\n        document.addEventListener('DOMContentLoaded', function () {\r\n            var containers = document.querySelectorAll('.mcq-container');\r\n\r\n            containers.forEach(function(container) {\r\n                var options = container.querySelectorAll('.option');\r\n                var feedbackSelect = container.querySelector('[data-feedback=\"select\"]');\r\n                var feedbackWrong = container.querySelector('[data-feedback=\"wrong\"]');\r\n                var feedbackRight = container.querySelector('[data-feedback=\"right\"]');\r\n\r\n                options.forEach(function(option) {\r\n                    option.addEventListener('click', function() {\r\n                        var selectedOption = option.getAttribute('data-option-key');\r\n                        var isCorrect = option.getAttribute('data-is-correct') === 'true';\r\n\r\n                        \/\/ Remove previous selections\r\n                        options.forEach(function(opt) {\r\n                            opt.classList.remove('correct', 'incorrect');\r\n                        });\r\n\r\n                        \/\/ Add the correct\/incorrect class\r\n                        if (isCorrect) {\r\n                            option.classList.add('correct');\r\n                            feedbackRight.hidden = false;\r\n                            feedbackWrong.hidden = true;\r\n                        } else {\r\n                            option.classList.add('incorrect');\r\n                            feedbackRight.hidden = true;\r\n                            feedbackWrong.hidden = false;\r\n                        }\r\n\r\n                        \/\/ Hide select feedback\r\n                        feedbackSelect.hidden = true;\r\n                    });\r\n                });\r\n            });\r\n        });\r\n        <\/script>\r\n    \r\n    <!--more--><\/p>\n<p>The correct answer is: <strong>A. a-3, b-2, c-1<\/strong><\/p>\n<ul>\n<li><strong>Law of increasing returns<\/strong> : This is the stage of production where the total product (TP) increases at an increasing rate as more and more units of the variable input are added to a fixed amount of the fixed input. This is because the additional output that is obtained from each additional unit of the variable input is increasing.<\/li>\n<li><strong>Law of diminishing returns<\/strong> : This is the stage of production where the total product (TP) increases at a decreasing rate as more and more units <div class=\"youtube-subscribe-container\">\r\n        <a href=\"https:\/\/www.youtube.com\/channel\/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1\" target=\"_blank\" class=\"youtube-subscribe-button\">\r\n            <span class=\"youtube-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 576 512\">\r\n                    <path d=\"M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Subscribe on YouTube\r\n        <\/a>\r\n    <\/div> of the variable input are added to a fixed amount of the fixed input. This is because <div class=\"telegram-channel-container\">\r\n        <a href=\"https:\/\/t.me\/pscnotes2025\" target=\"_blank\" class=\"telegram-channel-button\">\r\n            <span class=\"telegram-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 496 512\">\r\n                    <path fill=\"white\" d=\"M248,8C111,8,0,119,0,256s111,248,248,248s248-111,248-248S385,8,248,8z M362,177L320,367c-3,14-10,18-20,14l-56-41l-27,26 c-3,3-5,5-10,5l4-63L323,196c5-5-1-7-8-3l-98,62l-42-13c-9-3-10-9,2-14l162-63C351,160,365,164,362,177z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Join Our Telegram Channel\r\n        <\/a>\r\n    <\/div> the additional output that is obtained from each additional unit of the variable input is decreasing.<\/li>\n<li><strong>Law of negative returns<\/strong> : This is the stage of production where the total product (TP) actually starts to decline as more and more units of the variable input are added to a fixed amount of the fixed input. This is because the additional output that is obtained from each additional unit of the variable input is now negative.<\/li>\n<\/ul>\n<p>In the question, List-I gives the three laws of returns, while List-II gives the three stages of production. The correct match is:<\/p>\n<ul>\n<li><strong>a. Law of increasing returns<\/strong> : This law is associated with the stage of production where the TP is increasing at an increasing rate. This is because the additional output that is obtained from each additional unit of the variable input is increasing.<\/li>\n<li><strong>b. Law of diminishing returns<\/strong> : This law is associated with the stage of production where the TP is increasing at a decreasing rate. This is because the additional output that is obtained from each additional unit of the variable input is decreasing.<\/li>\n<li><strong>c. Law of negative returns<\/strong> : This law is associated with the stage of production where the TP actually starts to decline as more and more units of the variable input are added to a fixed amount of the fixed input. This is because the additional output that is obtained from each additional unit of the variable input is now negative.<\/li>\n<\/ul>\n<p>Therefore, the correct answer is: <strong>A. a-3, b-2, c-1<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Subscribe on YouTube<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Match the following. List-I List-II a. Law of increasing returns 1. TP starts declining b. Law of diminishing returns 2. 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