Relation between tp and mp or ap, Microeconomics

Relation between TP and MP:

Graphically, given the total product curve, MP is the slope of the tangent at any point on the TP curve. This is shown in Figure. 

1079_Relation between TP and MP.png

See that 293_Relation between TP and MP1.png

Relation between TP and AP 

Given the TP curve, AP is the slope of a ray from the origin to any point on the TP curve.  

922_Relation between TP and MP2.png

1926_Relation between TP and MP3.png

Posted Date: 10/26/2012 6:12:30 AM | Location : United States







Related Discussions:- Relation between tp and mp or ap, Assignment Help, Ask Question on Relation between tp and mp or ap, Get Answer, Expert's Help, Relation between tp and mp or ap Discussions

Write discussion on Relation between tp and mp or ap
Your posts are moderated
Related Questions
Five identical people live in a small town and can earn a living either by having cattle $100 or by becoming a singer. If one person competes their expected payment is 210, if two

The reduced row echelon form of  A=    is equal to R = (a)  What can you say about row 3 of A? Give an example of a possible third row for A. (b)  Determine the values o

Learning curve implies:  1) The requirement of labor falls per unit.  2) Costs will be high at 1 st and then will fall with learning.  3) After eight years the labor requ

Communications: Noting the importance of improved communications in increasing productivity and welfare, the New Telecom Policy (NTP) was introduced in 1999. NTP 99 was aimed

GDP Growth, Employment and Poverty: The advocates of economic reforms point out that the reform process has the potential of accelerating economic growth. After the teething t

Describe the poverty cycle and suggest how a developing country can break the cycle. The poverty cycle is explained as the trap developing countries can land in; low incomes →

Q. Distribution of income? Distribution:Distribution of income reflects the process by which real output of services and goods produced by the economy is allocated to different

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

describe engineering cost theory in detail