what will be Ap when Mp rises?
Answers
Answered by
1
Explanation:
I. If MP > AP, AP will rise as labour increases.
II. If MP < AP, AP will decline as labour increases, and when MP = AP, then AP is at a maximum.
Answered by
7
Explanation:
Average Product increases as long as Marginal Product (MP) > Average Product (AP). Alternatively, when MP > AP, AP rises. Average Product is maximum and constant when Average Product (AP) = Marginal Product (MP). Alternatively, when AP = MP, AP is maximum.
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