Because the Almighty Gaylord Focker wanted it that way. HALLELUJAH!!
of average product.
Marginal product is equal to average product when average product is maximumMarginal product determines the behaviour of the Average product. AP rises, reaches maximum and thereafter falls.For all sections that the MP is greater than the AP, the AP rises and MP is below AP, the AP decreases.Marginal product reaches maximum at a lower level of employment than does the AP
it is at its minimum
as a marginal cost is the cost of the next product produced, if this is less than average cost, when you continue to produce more products the lower marginal cost will have an affect on the average and cause it to fall.
show with example that if the marginal product is always decreasing the average product is always above the marginal product?
Average Product = (Total Product) / (Labor) Marginal Product(2) = (Total Product)(2) - (Total Product)(1)
Marginal product is any input in the production process is the increase in the quantity of output obtained from on additional unit of the input. Average product is the output produced when one more unit of the variable factor is employed The relationship is state as: If labour's marginal product is exceed its average product that means labour's average product will be rising. Labour's average product will be falling. If labour's marginal product is less than its average product. If labour's marginal product is equal its average product and the average product will reach the minimum value at the point.
Negative
of average product.
Marginal product is equal to average product when average product is maximumMarginal product determines the behaviour of the Average product. AP rises, reaches maximum and thereafter falls.For all sections that the MP is greater than the AP, the AP rises and MP is below AP, the AP decreases.Marginal product reaches maximum at a lower level of employment than does the AP
it is at its minimum
as a marginal cost is the cost of the next product produced, if this is less than average cost, when you continue to produce more products the lower marginal cost will have an affect on the average and cause it to fall.
show with example that if the marginal product is always decreasing the average product is always above the marginal product?
that will be false! hope this helps!
how do you find marginal product on excel
moarginal product of labor
what is the relationship between marginal physical product and marginal cos