Question

relationship between MP and AP ​

Answer 1

Answer:

When AP is rising it is always less than MP and when it is falling it is always greater than MP. MP = AP when AP is at its max. The law of diminishing returns states that as a firm uses more of a variable input without changing the quantity of fixed inputs, the MP of the variable input will eventually decline.

Answer 2

Relationship between MP and AP

☛ When MP is greater than AP, AP increases.

☛ When MP is equal to AP, AP is maximum and constant.

☛ When MP is less than AP, AP decreases.