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Total output may continue to rise even though the marginal physical product is declining?
Wiki User
∙ 11y ago
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Wiki User
∙ 11y ago
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Why does marginal cost tend to increase with output?
It is because of law of dimnishing marginal utility,when the ouput inreases,it also starts increasng as marginal product starts declining after the optimum utilisation of resources.
When a firm produces a level of output on the production function?
Marginal physical product is zero
Explain why marginal physical product would diminish as More professors are hired in the economics department?
zabi
How do you input the marginal product equation in excel?
how do you find marginal product on excel
What is the difference between the marginal product of labor and the marginal revenue product of labor?
moarginal product of labor
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 does marginal cost tend to increase with output?
It is because of law of dimnishing marginal utility,when the ouput inreases,it also starts increasng as marginal product starts declining after the optimum utilisation of resources.
Is it profitable for a firm to continue employing additional resources as long as?
Marginal revenue product = marginal cost
When a firm produces a level of output on the production function?
Marginal physical product is zero
When average product is highest Options Total product is maximum Marginal product is maximum Marginal product is zero Marginal product is negative?
Negative
How do you calculate MPP?
Marginal physical product (MPP) = change in output / change in number of resources
Explain why marginal physical product would diminish as More professors are hired in the economics department?
zabi
How do you input the marginal product equation in excel?
how do you find marginal product on excel
Relationship between Tota Product Marginal Product and Average Product?
Average Product = (Total Product) / (Labor) Marginal Product(2) = (Total Product)(2) - (Total Product)(1)
What is the difference between the marginal product of labor and the marginal revenue product of labor?
moarginal product of labor
Marginal product curve?
A marginal product curve is a visual presentation that demonstrates the relationship between the marginal product and the quantity of its input. All other inputs are fixed.
Relationship between total and marginal product?
Total product is the sum of all marginal products.
