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When total product increases at an increasing rate, what happens to the marginal product? - Economics

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प्रश्न

When total product increases at an increasing rate, what happens to the marginal product?

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उत्तर

When total product (TP) increases at an increasing rate, the marginal product (MP) also increases. This means that each additional unit of input (like labour) contributes more to output than the previous unit.

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पाठ 7: Laws of Returns - Returns to a Factor and Returns to Scale - TEST YOURSELF QUESTIONS [पृष्ठ १३१]

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फ्रँक Economics [English] Class 12 ISC
पाठ 7 Laws of Returns - Returns to a Factor and Returns to Scale
TEST YOURSELF QUESTIONS | Q 14. | पृष्ठ १३१
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