Business Studies, asked by satrujeetpatra, 7 months ago

What is the maximum point of TP?

Answers

Answered by Sumitnegi58

1

Answer:

Beyond OT units of labour employed, TP continues to rise, of course at a diminishing rate, and reaches maximum at point K. Here the slope of TP becomes zero since TP is constant and, hence, MP becomes zero (corresponding to ON volume of labour employed).

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