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
What types of questions would concern microeconomics, versus macroeconomics? Microeconomics concerns itself with decision-making of individual consumers, firms  and other organ

The elasticity coefficient is a number measured using price and quantity data to verify how responsive consumers are to changes in the price of a commodity.  The elasticity coeffic

Questions 1. Mrs Holt, 85 years old, has been admitted to acute care following a fall resulting in a fractured femur. She is a widow and lives alone with her three cats for compa

You just opened a flower shop and are trying to understand pricing issues. You were told that elasticities are very important in determining prices and what products to supply, so

Explain what the natural rate of unemployment is. It is necessary here to include a solid explanation based on economic concepts. The natural rate of unemployment is the rate o

Inflation is defined as


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

The owner of a firm Mr. Rajneesh expects to make a profit of Rs.5,50,000, Rs.6,50,000, Rs.7,50,000 and Rs.8,50,000 at the end of the 1st, 2nd, 3rd and 4th year respectively. Rajne

You are a commuter student at a local university. Because of the steep rise in gasoline prices, your parents decide to give you enough additional weekly cash so that you can affor