Economy, asked by bhatisahil188, 6 months ago

explain the behaviour of TP and MP ,when for increasing production only one output is increased while all other are kept constant. ​

Answers

Answered by sachin9645
1

Answer:

(i) As long as MP is positive and increasing, TP increases at an increasing rate. (ii) When MP is positive but decreasing, TP increases at a diminishing rate. (iii) When MP = 0, TP is maximum and constant. (iv) When MP becomes negative, TP starts falling.

Explanation:

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Answered by kanividh38
6

(i) As long as MP is positive and increasing, TP increases at an increasing rate. (ii) When MP is positive but decreasing, TP increases at a diminishing rate. (iii) When MP = 0, TP is maximum and constant. (iv) When MP becomes negative, TP starts falling.

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