please solve these three questions .
Thanks :)
Dear student,
Ans 8) The following changes take place during diminishing returns to a factor:
Total Product increases but a decreasing rate and attains maximum.
The Marginal Product continues to fall and cut Average Product at its maximum point where MP becomes equal to AP.
Corresponding to the point when TP is maximum, MP is zero.
AP initially rises, attains maximum and then starts falling.
Note: Herein, we have provided answer to only one of your queries. You are requested to post different questions in separate threads.
Ans 8) The following changes take place during diminishing returns to a factor:
Total Product increases but a decreasing rate and attains maximum.
The Marginal Product continues to fall and cut Average Product at its maximum point where MP becomes equal to AP.
Corresponding to the point when TP is maximum, MP is zero.
AP initially rises, attains maximum and then starts falling.
Note: Herein, we have provided answer to only one of your queries. You are requested to post different questions in separate threads.