Business Studies, asked by bekeshsingh1461, 10 months ago

What is the relationship between total product and marginal product?

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Answered by Anonymous
1

Total product is simply the output that is produced by all of the employed workers. Marginal product is the additional output that is generated by an additional worker.

The mathematical connection between marginal product and total product stating that marginal product is the slope of the total product curve. If the total product curve has a positive slope (upward sloping), then marginal product is positive.

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