Question

7. Marginal product and Average product curves are
in shape.​

Answer 1

Answer:

According to the law of variable proportion the marginal product of an input initially increases and after a definite level of employment it start decreasing.

Explanation:

Marginal product the total product can be calculated by adding subsequent marginal products. The increased in output per unit increas in input is called marginal product.

The marginal product cable calculated as :- MP = change in output /change in input

TP=£MP

Average product as the name suggest refer to the per unit total product of the variable factor

Hence the calculation of average product is also very simple

AP= total product / units of variable factor

Input =TP/L

{The total product can also therfore be calculated as TP=AP*L}