TP, MP and AP Curves
Trending Questions
Q. Let TP = Total Product, AP = Average Product and MP = Marginal Product. Use the following table and answer the questions.
Find the value of "F" in the above Table.
Quantity of Variable Factor | TP (in units) | AP (in units) | MP (in units) |
1 | 1000 | A | B |
2 | C | D | 600 |
3 | E | 700 | F |
4 | 2100 | G | H |
5 | I | 400 | J |
- 500
- 600
- 700
- 800
Q. When average product increases, the marginal product is ______________.
- more than the average product
- less than the average product
- equal to the average product
- none of the above
Q. The marginal utility and total utility from consumption of various units of a product x are given below :
From the above table find the marginal utility derived from consumption of 2nd unit___.
Unit | Marginal Utility | Total Utility |
0 | 0 | 0 |
1 | 10 | 10 |
2 | X | 18 |
3 | 7 | Y |
4 | Z | 31 |
5 | 5 | P |
6 | 4 | 40 |
- 18
- 8
- 9
- 10