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

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