Can the total product and average product be zero?
Answers
Answered by
1
Answer:
Relationship between Marginal Product and Total Product This gives the Total product curve a convex shape in the beginning as variable factor inputs increase. This continues to the point where the MP curve reaches its maximum. ... When the MP becomes zero, Total Product reaches its maximum.............
Answered by
0
No, the total product and average product cannot be zero.
What is the total product?
- It is the output produced by giving input in a certain period
- It is used in variable input and output
- It is helpful to understand the concept of average product and marginal product
What is the average product?
- Average product is the output per unit input
- The input includes the production of land and labor
- To calculate the average product we know about variable input and the level of production
Similar questions