Explain the relationship between Total Product, Average Product a… - Vidyadip

Question

Explain the relationship between Total Product, Average Product and Marginal Product.

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Answer

In the beginning Total Product, Average Product and Marginal Product all increase, but Marginal Product > Average Product and Total Product > Marginal Product.
When Marginal Product = 0, Total Product is maximum and constant and Average Product is decreasing.
Thereafter, both Average Product and Marginal Product continue to decline, but Marginal Product < Average Product and Total Product declines at an absolute term.
Marginal Product can be zero and negative but Average Product and Total Product can never be zero.

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