Economy, asked by sunilrathore1569, 10 months ago

Explain the concepts of average product and marginal product.

Answers

Answered by babliparihar9353

Answer:

Relationship between Average Product and Marginal Product

When Average Product is rising, Marginal Product lies above Average Product. When Average Product is declining, Marginal Product lies below Average Product. At the maximum of Average Product, Marginal and Average Product equal each other

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