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A. In Andhra Pradesh, Ram has 10 acres of land to produce paddy. In a month, he recruits labour from his village to produce paddy.

A. In Andhra Pradesh, Ram has 10 acres of land to produce paddy. In a month, he recruits labour from his village to produce paddy. He tries different combinations of land and labour to produce paddy and the umpur is registered 0, 25, 55, 55, 125. 145, 155, 155, 150 and 145 quintals respectively. Answer the following questions by using this information: Find out the average and marginal productivity of land and labour for the commodity and draw respective diagrams for the variables and discuss the different stages of production (law of variable proportions) which will give optimal production to the producers of the region B. How does a long-run production function differ from a short-run production fimction? Explain briefly C. We assume, 36000 ice cream bars are available in Chennai. The price of each ice cream bar by Re 1.50. The fixed cost is Rs 40000 and variable cost is Rs. 0.30 per ce cream. By using this information, calculate the revenue, cost and profit of these bars in Chennai and Analysis the breakeven point and discuss the performance of fee cream bars in Chennai .. solve clear and neat

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