contestada

when the average product is increasing and has not yet reached its maximum, marginal product of labor:

Respuesta :

When the average product grows, so does the marginal product.

  • The Marginal Product is the additional output created as a result of using an additional unit of the variable factor input. As a result, we can define marginal product as the addition to Total Product when an additional factor input is applied.
  • It is computed by dividing the Total Product by the inputs and is defined as the output per unit of factor inputs or the average of the total product per unit of input (variable factors).
  • When the average product increases, the marginal product rises with it. When the average product falls, the marginal product falls below the average product. Marginal and Average Product are equivalent at the maximum of Average Product.

Thus this is the relationship between Average product and marginal product.

To learn more about average product, refer: https://brainly.com/question/15697207

#SPJ4