Explain the relationship between marginal product and average product

Asked by admin @ 20/08/2021 in Business Studies viewed by 327 People

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

Answered by admin @ 20/08/2021

Answer:

Marginal product is the change in total product divided by the change in quantity of resources (or inputs). Average product is the total product divided by the quantity of economic resources (or inputs). The average product reaches its peak when it intersects the marginal product curve

What is the relationship between marginal cost and marginal product

Asked by admin @ 22/11/2021 in Advanced Placement (AP) viewed by 455 persons

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

Discuss the relationship between marginal product and total product

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Explain the relationship between marginal product and total product.

The relationship between biomass and primary productivity is that _____

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Explain the relationship between biodiversity and climate in terrestrial biomes?

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Asked by admin @ 02/08/2021 in History viewed by 277 persons

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Difference between marginal revenue product and value of marginal product

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When total product is maximum marginal product is

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Firms use marginal analysis to determine production output levels by

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Which statement best explains the relationship between diet and osteoporosis

Asked by wiki @ 16/11/2020 in Health viewed by 417 persons

A)Cholesterol blocks calcium from reaching bone cells. A diet that is high in cholesterol can lead to osteoporosis. B)Calcium and phosphorus build strong and flexible bones. A diet that lacks …