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When marginal product is rising, it indicates that adding additional units of a variable input, such as labor, is leading to a more than proportional increase in output. This often occurs in the initial stages of production, where workers can efficiently collaborate and utilize resources effectively. As a result, each new unit of input contributes increasingly to total production. However, this trend can eventually reverse due to diminishing returns as more inputs are added.
What else can I help you with?
When total product is rising both average product and marginal product must also be rising true or false?
that will be false! hope this helps!
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
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.
What is the distinction between marginal revenue product and marginal revenue?
I'm thinking that marginal revenue product is the marginal revenue on one product, and marginal revenue is the marginal revenue on the whole firm sales... I'm wondering the same thing but the above response is incorrect. both terms imply values on one item as indicated by the "marginal"
When total product is rising both average product and marginal product must also be rising true or false?
that will be false! hope this helps!
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
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
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
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.
What is the distinction between marginal revenue product and marginal revenue?
I'm thinking that marginal revenue product is the marginal revenue on one product, and marginal revenue is the marginal revenue on the whole firm sales... I'm wondering the same thing but the above response is incorrect. both terms imply values on one item as indicated by the "marginal"
What happens to the marginal product when the total product is increasing but at a decreasing rate?
When the total product is increasing but at a decreasing rate, the marginal product will also decrease.
How do you find total product when given marginal product?
To find total product when given marginal product, you start with the initial total product (which is often zero) and add the marginal product for each additional unit of input used. The marginal product represents the additional output generated by adding one more unit of input. By continuously summing the marginal products for each unit of input, you can determine the total product at any level of input.
