What do you understand about Total product
Average foroduct and Marginal product
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We can summarize it as under: When Average Product is rising, Marginal Product lies above Average Product. When Average Product is declining, Marginal Product lies below Average Product. At the maximum of Average Product, Marginal and Average Product equal each other.
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1st answer
total product is the total volume or amount of final output produced by a firm using given input in a given period of time
2nd answer is in above attachment.
3rd answer is also in above attachment
Explanation:
hope this helps you
sarangae
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