write the relation between total physical product and marginal physical product
Answers
Answered by
1
Total Product is simply the output or the total goods produced by all workers. Meanwhile, the marginal product is the additional unit of product.
Answered by
2
Answer:
The law of variable proportions is used to explain the relationship between Total Product and Marginal Product. ... 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.
Explanation:
i hope u understand
dear
Similar questions
Accountancy,
3 hours ago
Science,
3 hours ago
Math,
5 hours ago
Physics,
7 months ago
English,
7 months ago