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PA
Question Practice

What is the relationship between total product (TP) and marginal product (MP)?

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MCQ_SA
CBSE
Class 12
Economics
Introductory Microeconomics
Production And Costs
Question Bank

What is the relationship betwe...

Single Answer MCQ
Q-00089394

What is the relationship between total product (TP) and marginal product (MP)?

1

TP is always less than MP

2

MP is the change in TP with respect to change in labor

3

MP decreases as TP increases

4

TP equals MP at all levels of production

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