Discuss the relationship between marginal product and total product

Asked by admin @ 17/08/2021 in Economy viewed by 305 People

Explain the relationship between marginal product and total product.

Answered by admin @ 17/08/2021

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.

What is the relationship between marginal cost and marginal product

Asked by admin @ 22/11/2021 in Advanced Placement (AP) viewed by 460 persons

Explain the relationship between the marginal product curve and the marginal cost curve.

Explain the relationship between marginal product and average product

Asked by admin @ 20/08/2021 in Business Studies viewed by 329 persons

Explain the relationship between marginal product (mp) and average product(ap)

When total product is maximum marginal product is

Asked by admin @ 31/08/2021 in Economy viewed by 378 persons

1. When total product is maximum then marginal product: (a) decreases(b) increases(c) is also maximum(d) is zero

The relationship between biomass and primary productivity is that _____

Asked by admin @ 29/10/2021 in Biology viewed by 274 persons

Within an ecosystem, the _____ is always greater than the _____. view available hint(s) within an ecosystem, the _____ is always greater than the _____. number of producers; number of …

When the total product curve is falling the

Asked by admin @ 25/08/2021 in Economy viewed by 291 persons

When the total product curve is falling, the___________

When marginal utility is zero total utility is

Asked by admin @ 24/08/2021 in Economy viewed by 292 persons

When Marginal Utility is zero, Total Utility would be ---------- ? MinimumMaximumZeroNegative

Out of the total production of iron from hematite

Asked by admin @ 23/08/2021 in Math viewed by 285 persons

Out of the total production of iron from hematite, an ore of Iron, 20% of the ore gets wasted, and out of the remaining iron, only 25% is pure iron. …

What is the relationship between oxygen use and heat production

Asked by admin @ 03/08/2021 in Chemistry viewed by 334 persons

What is the relationship between oxygen use and heat production?

What was the total production of gasoline and kerosene combined

Asked by admin @ 02/08/2021 in Math viewed by 498 persons

Kerosene is 40% gasoline is 34% total production from crude oil is 60 million barrels what was the total production of gasoline in kerosene combined in barrels

What is the relationship between water clarity and kelp productivity

Asked by maham237 @ 25/12/2020 in Biology viewed by 717 persons

Difference between marginal revenue product and value of marginal product

Asked by admin @ 10/11/2021 in Business viewed by 351 persons

What is the difference between the marginal product of labor and the marginal revenue product of labor for a firm in a perfectly competitive market? A. The marginal revenue product …