Table of Contents
- 1 When total production is maximum the marginal production will?
- 2 At what point marginal product is maximum?
- 3 When total product TP is at its maximum marginal product MP must be?
- 4 When do average product and marginal product become equal at the maximum?
- 5 What happens to the total product curve when the MP decreases?
- 6 What is the marginal cost of producing the sixth unit?
When total production is maximum the marginal production will?
When a marginal product reaches its maximum, the total product starts to increase at a diminishing rate.
At what point marginal product is maximum?
During the early stages of production MPL is greater than APL. When the MPL is above the APL the APL will increase. Eventually the MPL reaches it maximum value at the point of diminishing returns.
When total product is maximum marginal product is negative?
Answer: The marginal productivity keeps going down, reaches zero (where it intersects the x-axis, point D) and then becomes negative. This is all due to the law of diminishing marginal returns. When marginal product=0 at point D, the total product is at its maximum, at point C…..
When total product TP is at its maximum marginal product MP must be?
zero
MP always equals zero when TP is at its maximum point. When the marginal product (MP) is zero, the total product (TP) has…
When do average product and marginal product become equal at the maximum?
Average product and marginal product become equal at the maximum AP. Image Text: Graphs that explain the relationship between marginal product and average product. This refers to a period when a particular business can make alternations in variable factors to influence production.
What is marginal product of a variable factor?
Marginal Product. The additional output produced as a result of employing an additional unit of the variable factor input is called the Marginal Product. Thus, we can say that marginal product is the addition to Total Product when an extra factor input is used. Marginal Product = Change in Output/ Change in Input.
What happens to the total product curve when the MP decreases?
When the MP declines but remains positive, the Total Product is increasing but at a decreasing rate. Thisgiveends the Total product curve a concave shape after the point of inflexion. This continues until the Total product curve reaches its maximum. When the MP is declining and negative, the Total Product declines.
What is the marginal cost of producing the sixth unit?
If the average variable cost of producing five units of a product is $100 and the average variable cost of producing six units is $125, then the marginal cost of producing the sixth unit is (A) $125 (B) $2 (C) $250