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Q: When marginal product is negative it means?
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When average product is highest Options Total product is maximum Marginal product is maximum Marginal product is zero Marginal product is negative?

Negative


Draw a diagram with marginal product and average productExplain the relationship between marginal product and average product?

Marginal product is any input in the production process is the increase in the quantity of output obtained from on additional unit of the input. Average product is the output produced when one more unit of the variable factor is employed The relationship is state as: If labour's marginal product is exceed its average product that means labour's average product will be rising. Labour's average product will be falling. If labour's marginal product is less than its average product. If labour's marginal product is equal its average product and the average product will reach the minimum value at the point.


How do you input the marginal product equation in excel?

how do you find marginal product on excel


Relationship between Tota Product Marginal Product and Average Product?

Average Product = (Total Product) / (Labor) Marginal Product(2) = (Total Product)(2) - (Total Product)(1)


How can marginal revenew and marginal costs help set the most profitable putput level?

The most profitable output level is when marginal costs equals marginal revenue. When marginal revenue is larger than marginal cost, that means that more product can be produced for more profit.


What is the difference between the marginal product of labor and the marginal revenue product of labor?

moarginal product of labor


What is the relationship between marginal physical product MPP and marginal cost MC Provide an examples?

what is the relationship between marginal physical product and marginal cos


Marginal product curve?

A marginal product curve is a visual presentation that demonstrates the relationship between the marginal product and the quantity of its input. All other inputs are fixed.


What war the 3 stages of production?

Three stages of production are increasing marginal returns, diminishing marginal returns, and negative marginal returns.


Relationship between total and marginal product?

Total product is the sum of all marginal products.


What is the distinction between marginal revenue product and marginal revenue?

I'm thinking that marginal revenue product is the marginal revenue on one product, and marginal revenue is the marginal revenue on the whole firm sales... I'm wondering the same thing but the above response is incorrect. both terms imply values on one item as indicated by the "marginal"


What is marginal opportunity?

first and foremost,to ecomists,'marginal' means "extra","additional",or'a change in'.so marginal opportunity cost means additional or extra amount of other goods that must be foregone or sacrifised to produce an extra unit of another product