Economy, asked by Inna9203, 11 months ago

Explain the relationship between the marginal products and the total product of an input.

Answers

Answered by PiyushSinghRajput1

6

Explanation:

The law of variable proportions is used to explain the relationship between Total Product and Marginal Product. ... When the Marginal Product (MP) increases, the Total Product is also increasing at an increasing rate. This gives the Total product curve a convex shape in the beginning as variable factor inputs increase.

Answered by brainlyhelper143

2

Explanation:

the SMC curve cut the AVC curve at the minimum point of the AVC curve

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