1.

Discuss the relationship between (i) MP and TP (ii) AP and MP

Answer»

Solution :(i) RELATIONSHIP between MP and TP :-
(i) As LONG as MP is positive and INCREASING, TP increases at an increasing rate.
(ii) When MP is positive but decreasing, TP increases at a diminishing rate.
(iii) When MP = 0, TP is maximum and constant.
(IV) When MP BECOMES negative, TP starts falling.(ii) Relationship between AP and MP :-
(i) When MP`gt`AP, AP rises.
(ii) When MP = AP, AP is maximum and constant.
(iii) When MP`lt`AP, AP falls.


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