 म tyreal 66 happiness network cost and marginal physical product aspect economic we study the natural cost and ہو attorney by heartbreakingходит result and ambient but marginal cost course sense and marginal our physical product and that marginal cost basically reports changes in course total cost because of changing in output and we can also compute this marginal cost by computing change in variable cost because of changing output when not marginal cost ॐ अरी आद ौतर कोस्त भाद लगा पासा आद रगा दिया है. ॐ भी दो मार्ज युन कोस्त भादा ड़ा करें तू यहांप एक असोसट्वशूनोगी फ인데요 ॐ आद़ लेवल अप्वोट ख़ण लगता चवाद दिए थी आत्रीज़िस अठ्ट, इम एखएकि मएडीभ क्हाँ के साथ द engineeron listener से थु बढ़ञे Nh 앞 है yaşा Lau खॉरईद्ण क्ँँँँउउउउउउउकॉउउउउउउ उउउउउउउउउ succession। पभा� Dark श forefront अधुड्दा। अबहम इंटूरी चिजों को क्यलकुट करेंगे फर गर दा spray using this hypothetical table तो सैईपोठुट यह अधुड्द निटूरी बोछ़। अगरी कुट्टरार। औधुड्द यनपुद। now we will compute the table भी year nos यहा भी में पास निँबուत कया है if we move from 0 to 1, then there is change in output by 1 unit. और मैं लेबर के रेफ्रिस में बात करू, तो यहां पे change in labor मेरे पस कितना हो रहे, it is equal to 10. and if we divide change in output with change in labor, तो मेरे पस क्या आजाएगा, it is equal to 1 over 10. and ultimately this is equal to 0. आजाएगर में A- right marginal physical product कंपूट करों, when we move from combination A to combination B, then मेरे पस change in output कितना हो रहे है, it is equal to 2 while change in labor hour is equal to 6. अगर मैं 2 को 6 पे दिवाइट कर दों, 2 मेरे पास क्या है, change in output, while change in labor is equal to 6 and ultimately it is equal to 0.33. और हम ये सारी computations के इस कोलम में जितनी भी ये information is 0.45, 0.85, हम ये compute कर सकते हैं, by dividing change in output with, by dividing change in output to change in input. फिर ये सी पेट्रन पे अगर मेर अजक्टीव है, to compute the marginal cost. हम ने marginal cost को define किया था, it is equal to change in total cost over change in output. या हम ने सको define किया था, it is equal to change in variable cost over change in output. अगर में पर थी था, when firm is producing 0 unit of output, then total cost is equal to 100. अगर मुझे क्या टिन्टगेट कर रहे, it indicates the fixed cost that farmer is facing, when he is not making any production of agricultural output. वे ने वो वी वेड़़ा, when he moves from 0 to 1 unit of output, then there is change in cost is equal to 50 and if there is change in cost is equal to 50 then what will happen to my marginal cost? that change in cost is equal to 50 while change in output is equal to 1 so marginal cost is equal to 50 then if we talk about the same pattern that there is change in cost change in total cost is equal to 13 when change in output increases from 1 to 3 that change in output is equal to 2 so in this case what will happen? change in total cost divided by change in output is equal to 15 all the information about marginal cost in this column we are getting this information of marginal cost by dividing change in total cost with change in output between 2 points between 2 combinations that are being reported in this table we can compute this in the basis of variable cost variable cost is equal to 0 when farmer produces 0 unit when farmer produces 0 unit of output farmer's variable cost is equal to 15 when he produces 1 unit of output change in variable cost is equal to 50 while change in output is equal to 1 in this case what will happen to marginal cost? by dividing change in variable cost with change in output we can obtain marginal cost in this same pattern we can compute this marginal cost by dividing change in variable cost when output increases from 1 to 3 at this point change in variable cost is equal to 30 when farmer moves from point A to point B it is equal to 2 it is equal to 15 marginal cost we have computed on the basis of variable cost and marginal cost we have computed on the basis of total cost in both cases we are getting the same information there is an association between marginal cost and average variable cost initially we are observing that marginal cost as level of output increases marginal cost decreases and it reaches at maximum point if I talk about this explicit level of output again 6.5 units of output marginal cost is minimum and after that what happened? marginal cost start increasing with the increasing level of output there is increase in marginal cost and another association we can show is that as long as marginal cost is less than average variable cost as long as marginal cost is less than average variable cost what is the average variable cost? average variable cost is decreasing the point where marginal cost becomes greater than average variable cost then what will happen? marginal average variable cost will start increasing and this association we can see with reference to average total cost as long as marginal cost is less than average total cost what will happen? it will decrease as long as marginal cost is less than average total cost will decrease and after that what will happen? when marginal cost becomes greater than average total cost then average total cost will start increasing now to elaborate this we are showing a graph that we are taking agricultural output on horizontal axis and we are taking cost on vertical axis and here we are showing three curves in this diagram one is average variable cost one is average variable cost and one is marginal cost what is the situation? average variable cost decreases with increasing level of output reaches at a minimum point and then what will happen? then it starts increasing up to the point of intersection average total cost decreases and after that what will happen? average total cost starts increasing and this situation we have in reference to average variable cost decreases reaches at a minimum point where marginal cost is equal to average variable cost and after that what will happen? it starts increasing all the things we have said as long as marginal cost is less than average total cost our average variable cost average total cost and average variable cost will decrease and after that what will happen? marginal cost becomes greater than average total cost and average variable cost and after that both average total cost and average variable cost start increasing now on that same pattern we are showing marginal physical product change in output because of change in labour what is association? initially with increase in amount of labour marginal physical product increases after that what will happen? then marginal physical product starts decreasing during initial phase of the production process with increase in amount of labour marginal physical product increases and later stage what will happen? marginal physical product starts decreasing now if I show these diagrams on one slide in figure 1 we are showing marginal physical product marginal physical product against different labour hours and in marginal cost figure 2 we are reporting marginal cost against different levels of agricultural output what is the shape here? I can say that marginal physical product is an inverted V shape diagram when you have V shape in this pattern and I have marginal cost I can say this is more or less a V shape diagram but when I talk about labour marginal physical product this is an inverted V shape diagram in this particular case but mostly we say marginal cost is a U shaped curve while marginal physical product is an inverted U shaped curve so at what point you have marginal physical product maximum observed this marginal physical product is maximum when farmer is using 22 labour hours and the level of output here is it is equal to 6.5 but when I go to figure 2 then what is marginal cost? marginal cost is equal to 5.88 which level of output is against when farmer is producing 6.5 units of output point where marginal physical product is maximum that is the level of output against your marginal cost minimum now if we summarize all these relationships with reference to agricultural output and what is our assumption in agricultural output farmer is making production under short run so we can say that marginal physical product is convex while the marginal cost is concave and at what point farmer's marginal physical product is maximum at that level of output marginal cost of the farmer will be minimum