Shape of Total Product, Marginal Product and Average Product
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Suppose the short-run total product curve (TPL) is a linear function of the variable input over some range of values. Determine the shape of the corresponding marginal product (MPL) and average product (APL) functions.
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Solution Summary
This problem helps to understand the shape of total product curve (TPL), marginal product (MPL) and average product (APL) functions.
Solution Preview
Since total product curve is a linear function, the equation for total product will be
TPL=a ...
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