# CBSE Class 12 Economics Production Function Worksheet

Download printable Economics Class 12 Worksheets in pdf format, CBSE Class 12 Economics Production Function Worksheet has been prepared as per the latest syllabus and exam pattern issued by CBSE, NCERT and KVS. Also download free pdf Economics Class 12 Assignments and practice them daily to get better marks in tests and exams for Grade 12. Free chapter wise worksheets with answers have been designed by Standard 12 teachers as per latest examination pattern

## Worksheet for Class 12 Economics Part A Microeconomics Chapter 3 Production and Costs

Class 12 Economics students should refer to the following printable worksheet in Pdf for Part A Microeconomics Chapter 3 Production and Costs in Grade 12. This test paper with questions and solutions for Standard 12 Economics will be very useful for tests and exams and help you to score better marks

### Part A Microeconomics Chapter 3 Production and Costs Class 12 Economics Worksheet Pdf

Worksheet on Production Function

Very Short-Answer Questions (1 mark each)

1. What is production function?

2. Define the following terms:
a) Total Physical product
b) Marginal Physical product
c) Average Physical Product

3. What happens to MPP when TPP is rising?

4. What happens to TPP when MPP is diminishing?

5. What happens to TPP when MPP becomes negative?

1. Distinguish between fixed factors and variable factors

2. Differentiate between short period and long period.

3. Explain relationship between APP and MPP.

4. Explain relationship between TPP and MPP.

5. Explain law of diminishing marginal returns.

6. State Reasons for operation of increasing returns.

7. Identify different phases of returns to factor proportion from the following schedule. Give reasons.

8. Calculate APP and MPP of a factor from the following table of TPP schedule

9. The following table gives MPP of a factor. It is also known that TPP at zero level of employment is zero. Determine its TPP and APP schedules.

10. The following table gives APP of a factor. It is also known that the TPP at zero level of employment is zero. Determine TPP and MPP schedules.

1. Show with the help of a schedule and a diagram the relationship between TP, AP and MP.

2. State and explain the law of variable proportion in terms of changes in the marginal physical product.

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