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Show with examples that if the marginal product is always decreasing the average product is always above the marginal product?
Wiki User
∙ 9y ago
Paper silver has been heavily shorted in the last few weeks. Low volume indicated by the 30& 60 day averages has not brought down the 200 day average and the price of retail silver on the market. see links below Note - this is also a great example of the illegal market manipulation our government is enabling. Now if you want to do the rest of your homework by yourself research the difference between paper silver and real silver and also note the impact of the electronic precious metal funds.
Wiki User
∙ 9y ago
Wiki User
∙ 16y agoWe know that the MP cuts the AP curve at its maximum(at the beginning of stage three). At that point, the slope of the MP is steeper than that of the AP curve. Therefore AP will always be above MP from that point onwards(in stage three).
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Why law of diminishing returns and return to scale might use in understanding the output decisions of firms in different industries?
show with example that if the marginal product is always decreasing the average product is always above the marginal product?
What does marginal revenue products refers to?
The marginal product is the output produced by one more unit of a given input. Found at http://www.econmodel.com/classic/terms/marginal_product.htm
Why marginal product curve intersect the average product curve at the maximum?
of average product.
What are increasing marginal returns?
ncreasing marginal returns mean that marginal product is greater for each subsequent unit of a variable input than it was for the previous unit. Decreasing marginal returns, as such, mean that marginal product is less for each subsequent unit of a variable input than it was for the previous unit.
Why does marginal product cross average product?
Because the Almighty Gaylord Focker wanted it that way. HALLELUJAH!!
Why law of diminishing returns and return to scale might use in understanding the output decisions of firms in different industries?
show with example that if the marginal product is always decreasing the average product is always above the marginal product?
Relationship between Tota Product Marginal Product and Average Product?
Average Product = (Total Product) / (Labor) Marginal Product(2) = (Total Product)(2) - (Total Product)(1)
What does marginal revenue products refers to?
The marginal product is the output produced by one more unit of a given input. Found at http://www.econmodel.com/classic/terms/marginal_product.htm
Draw a diagram with marginal product and average productExplain the relationship between marginal product and average product?
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.
When average product is highest Options Total product is maximum Marginal product is maximum Marginal product is zero Marginal product is negative?
Negative
What is the relationship between marginal physical product MPP and marginal cost MC Provide an examples?
what is the relationship between marginal physical product and marginal cos
Why marginal product curve intersect the average product curve at the maximum?
of average product.
What are increasing marginal returns?
ncreasing marginal returns mean that marginal product is greater for each subsequent unit of a variable input than it was for the previous unit. Decreasing marginal returns, as such, mean that marginal product is less for each subsequent unit of a variable input than it was for the previous unit.
Marginal product is always decreasing the average product is always above the marginal product?
Paper silver has been heavily shorted in the last few weeks. Low volume indicated by the 30& 60 day averages has not brought down the 200 day average and the price of retail silver on the market. see links below Note - this is also a great example of the illegal market manipulation our government is enabling. Now if you want to do the rest of your homework by yourself research the difference between paper silver and real silver and also note the impact of the electronic precious metal funds.
The law of diminishing marginal utility or satisfaction states that each additional unit of a product consumed will increase total satisfaction at what rate?
The law of diminishing marginal utility states that the total satisfaction derived from each additional unit of a product consumed decreases as more units are consumed. This means that the rate at which total satisfaction increases diminishes with each additional unit consumed.
Why does marginal product cross average product?
Because the Almighty Gaylord Focker wanted it that way. HALLELUJAH!!
What is relationship between average product and marginal 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
