Question

relationship between MP and TP​

Answer 1

Answer:

MP marginal product TP total product

Explanation:

MP:- is the one additional product produced by the firm

MP= TP(n) - TP(n-1)

TP:- is the total products produced by the firm at a given period of time

TP = TQ*P

here TQ is the quantity produced at given time & P is the price of product

when TP is at its max point MP will became zero

Answer 2

Answer:

1. As long as TP increases at increasing rate, MP also increases.
2. When TP increases at diminishing rate, MP decreases.
3. When TP reaches its maximum point , MP becomes zero.
4. When TP starts decreasing , MP becomes negative.

HOPE IT WILL HELP YOU

Explanation: