Economy, asked by engineerkanil2319, 1 year ago

Why does average product rise when marginal product is more than average product

Answers

Answered by Rajeshkumare

When the Marginal Product (MP)increases, the Total Product is also increasing at an increasing rate. This gives the Total product curve a convex shape in the beginning as variable factor inputs increase. ... When the MP becomes zero, Total Product reaches its maximum.

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