Q. 35.0( 1 Vote )

<span lang="EN-GB

Answer :

(a) Equal to AP

AP is the total product (TP) per unit of variable factor employed and MP is the change in TP as a result of an additional variable factor employed. The relationship between AP and MP is determined by the slope of the TP curve. It can be stated as:

• When MP greater than AP, AP increases at an increasing rate

• When MP and AP are equal, AP is maximum

• When MP is less than AP, AP decreases

• When MP is rising, AP must rise, but when MP is falling, AP may rise or fall.

Rate this question :

How useful is this solution?
We strive to provide quality solutions. Please rate us to serve you better.
Try our Mini CourseMaster Important Topics in 7 DaysLearn from IITians, NITians, Doctors & Academic Experts
Dedicated counsellor for each student
24X7 Doubt Resolution
Daily Report Card
Detailed Performance Evaluation
view all courses

Define fixed costEconomics - Board Papers

When the total fiEconomics - Board Papers

<span lang="EN-GBEconomics - Board Papers