Class 12 Exam > Class 12 Questions > Explain the relationship between marginal pro...
Start Learning for Free
Explain the relationship between marginal product(MP) and total product (TP)of an input.?
Most Upvoted Answer
Explain the relationship between marginal product(MP) and total produc...
The relationship between total product and marginal product can be described using the Law of Variable Proportion. The Law of variable proportion states that as more and more factor input is employed, the addition is output keeps on decreasing. If the marginal product is increasing, the total product increases at an increasing rate.
The marginal product reaches its maximum when the total product stops increasing at an increasing rate. If the marginal product is decreasing or falling but still positive, total product increases but at a diminishing rate. When MP falls and becomes zero, the total product reaches its maximum. When the marginal product is negative, the total product starts falling.
The marginal product reaches its maximum when the total product stops increasing at an increasing rate. If the marginal product is decreasing or falling but still positive, total product increases but at a diminishing rate. When MP falls and becomes zero, the total product reaches its maximum. When the marginal product is negative, the total product starts falling.
|
Explore Courses for Class 12 exam
|
|
Similar Class 12 Doubts
Explain the relationship between marginal product(MP) and total product (TP)of an input.?
Question Description
Explain the relationship between marginal product(MP) and total product (TP)of an input.? for Class 12 2025 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about Explain the relationship between marginal product(MP) and total product (TP)of an input.? covers all topics & solutions for Class 12 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Explain the relationship between marginal product(MP) and total product (TP)of an input.?.
Explain the relationship between marginal product(MP) and total product (TP)of an input.? for Class 12 2025 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about Explain the relationship between marginal product(MP) and total product (TP)of an input.? covers all topics & solutions for Class 12 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Explain the relationship between marginal product(MP) and total product (TP)of an input.?.
Solutions for Explain the relationship between marginal product(MP) and total product (TP)of an input.? in English & in Hindi are available as part of our courses for Class 12.
Download more important topics, notes, lectures and mock test series for Class 12 Exam by signing up for free.
Here you can find the meaning of Explain the relationship between marginal product(MP) and total product (TP)of an input.? defined & explained in the simplest way possible. Besides giving the explanation of
Explain the relationship between marginal product(MP) and total product (TP)of an input.?, a detailed solution for Explain the relationship between marginal product(MP) and total product (TP)of an input.? has been provided alongside types of Explain the relationship between marginal product(MP) and total product (TP)of an input.? theory, EduRev gives you an
ample number of questions to practice Explain the relationship between marginal product(MP) and total product (TP)of an input.? tests, examples and also practice Class 12 tests.
|
|
Explore Courses for Class 12 exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup