Question

what is the relation of tp with mp in different stages of the operation of the law of variable proportion
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Answer 1

Answer:

1. When MP is increasing ,TP is increasing at increasing rate.

2. When MP is decreasing TP is increasing at a diminishing rate.

3. When MP is zero,that time TP is maximum.

4. When MP is negative ,TP starts declining.

Answer 2

According to the law of variable factor proportion if we keep on adding more and more variable factors to a fixed amount of fixed factors the marginal product would increase at the increasing a then increases at a decreasing rate finally reaches zero and then becomes negative.

• 1. When MP is increasing, TP is increasing at an increasing rate.
• 2. When MP is decreasing TP is increasing at a diminishing rate.
• 3. When MP is zero, that time TP is maximum.
• 4. When MP is negative, TP starts declining.