Economy, asked by dharmasyadav1977, 2 months ago

relationship b/w marginal product and total product using suitable diagram​

Answers

Answered by sneha28aug
2

Answer:

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 increased

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