What is the relationship between total product, average product andmarginal product.draw the graph and explain it.how can you differentiate between short time period and long timeperiodTableTable 16.1: Returns to LabourUnits ofLabourTotal ProductMarginal Product(Quintals)Average Product(Quintals)(Quintals)AL7.8080 -8017090100852709036843048092866.807S0472S04639.49548010-15

Varied values of a variable input, given a specific amount of the constant input, will result in…

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What is the relationship between total product, average product and marginal product. draw the graph and explain it.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter7: Production, Costs, And Industry Structure

Section: Chapter Questions

Problem 28RQ: What shape of a long-run average cost curve illustrates economies of scale, constant returns to...

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What is the relationship between total product, average product and
marginal product.
draw the graph and explain it.
how can you differentiate between short time period and long time
period
Table
Table 16.1: Returns to Labour
Units of
Labour
Total Product
Marginal Product
(Quintals)
Average Product
(Quintals)
(Quintals)
AL
7.
80
80 -
80
170
90
100
85
270
90
368
430
480
92
86
6.
80
7
S04
72
S04
63
9.
495
480
10
-15

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