Relation between tp and mp or ap, Microeconomics

Assignment Help:

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

Related Discussions:- Relation between tp and mp or ap

The basics, the basics in micro economics

the basics in micro economics

Explain why subsidies to domestic firms s a trade barrier, Explain why subs...

Explain why subsidies to domestic firms act as a trade barrier. A trade barrier is broadly explained as any market intervention whereby the ratio of price of exports to price o

Wealth tax, Wealth Tax: A tax in that owners of specific forms of wealth (l...

Wealth Tax: A tax in that owners of specific forms of wealth (likereal estate, financial wealth, or inheritances) should pay a specified proportion of that wealth to government, us

Second best theory, what is the Theory of second best? Prove the theorem wi...

what is the Theory of second best? Prove the theorem with the help of digram

Oncepts of supply, concepts of suply

concepts of suply

Economic growth, a. Referring to the table below and using the "Rule of 70...

a. Referring to the table below and using the "Rule of 70," comment on long-term changes in the standard of living in the United States? b. Would you rather live in the Unite

Will governments follow good policies, Will Governments Follow Good Policie...

Will Governments Follow Good Policies? That governments can assist in development and growth doesn't mean that governments will. The broad experience of growth in developing ec

Product markets and production, Product Markets: Markets where produced ser...

Product Markets: Markets where produced services and goods are bought and sold (distinguished from markets for factors of production). Production: Process by which human labour

International financial institutions, Conditionality: International financi...

Conditionality: International financial institutions (such as World Bank andInternational Monetary Fund) usually attach strong conditions to emergency loans they make to developing

Econometric, I need help with tutoring session for an economic coursework

I need help with tutoring session for an economic coursework

Write Your Message!

Name

Email id

Message

Verfication Code

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

User Account

All Pages