Relation between total production , average production and marginal production
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Answered by
4
Heya...
Total product is the sum total of the product produce by variable factor along with fixed factors...
Marginal product is the change in total product when more one output is produced by change in variable factor...
Average product is the per unit output produced by the variable factors...
""" The formulas of all the three show the relationship among them...
So...
Total product = Total sum of MP...
Total product = AP * L
Marginal product = TPn - TP n-1
Average product= TP/ Output
--- Be Brainly....
Total product is the sum total of the product produce by variable factor along with fixed factors...
Marginal product is the change in total product when more one output is produced by change in variable factor...
Average product is the per unit output produced by the variable factors...
""" The formulas of all the three show the relationship among them...
So...
Total product = Total sum of MP...
Total product = AP * L
Marginal product = TPn - TP n-1
Average product= TP/ Output
--- Be Brainly....
Answered by
0
Average Product (AP)= Total Product (TP)/ Labour (L). It denotes the addition of variable factor to total product. Thus, Marginal product= Changed output/ changed input. In other ways, marginal product leads to an increase of total product with the help of additional worker or input.
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