Question

State the relation between TP and MP. Use diagram.​

Answer 1

Explanation:

The relationship between TP and MP is explained through the Law of Variable Proportions. As long as the the TP increases at an increasing rate, the MP also increases. This goes on till MP reaches maximum. When TP increases at a diminishing rate, MP declines. This continues till the point where TP is at its highest. When TP reaches its maximum point, MP becomes zero. This concept can be better understood with the help of the following schedule and diagram.

Answer 2

Relationship between TP and MP

1. So long as MP is rising, TP increases at an increasing rate.

2. When MP is decreasing, TP increases at decreasing rate.

3. When MP is 0, TP is maximum and constant.

4. When MP becomes -ve, TP starts to fall.

This happens because TP is summation of MP.