Economy, asked by purushotamaggarwal1, 3 months ago

Under diminishing retums to a factor TP continue to increase till MP reaches zero

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Answered by varun1234pp
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Answer:

Under diminishing returns MP falls. TP increases till MP is positive. ... This is because in a situation of diminishing returns to a factor marginal product tends to fall. Falling MP implies that total product should be increasing, though at a diminishing rate.

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