Give the difference & Relationship total production, Marginal products, average products?
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ʜᴇy ! ᴛʜɪꜱ ɪꜱ yᴏᴜʀ ᴀɴꜱᴡᴇʀ
Marginal product focuses on the changes between production totals and the quantity of resources. Average product shows output at a specific level of input. The peak of the average product curve is the point at which the marginal product curve and average product curve intersect.
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Marginal product focuses on the changes between production totals and the quantity of resources. Average product shows output at a specific level of input. ... The marginal product (MP) curve crosses the average product (AP) curve at the point where the average product curve is at a maximum.
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