Constant marginal product

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A3-4.) Suppose the total product (output) of a firm is given by TP = 4 + 2L (for L > 0). The firm experiences decreasing then constant marginal product (MP) as it increases labour. 

Reference no: EM13876208

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Constant marginal product : A3-4.) Suppose the total product (output) of a firm is given by TP = 4 + 2L (for L > 0). The firm experiences decreasing then constant marginal product (MP) as it increases labour.
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