There is an inverse relationship between the two. The formula for showing this is AVC=1/APL. Using this formula you will be able to figure out each one.
We can think about this problem as both side that is long term and short term. This relation is invers ratio, I mean, If average cost increase, average product should decrease.
Marginal product is equal to average product when average product is maximumMarginal product determines the behaviour of the Average product. AP rises, reaches maximum and thereafter falls.For all sections that the MP is greater than the AP, the AP rises and MP is below AP, the AP decreases.Marginal product reaches maximum at a lower level of employment than does the AP
The product establishes the cost curve or the relationship between costs and outputs. Costs are influenced by the need and function of a certain product.
When a firm attains minimum average variable cost, the number of units of labor it is using depends on the average product.
This is the economic distinction equivalent to fully absorbed cost of product and variable cost of product. Average cost is total cost divided by number of units. Marginal cost is the cost to produce the next unit (or the last unit
Marginal Variable Product (MVP) = Difference between TVP2 - TVP1
Marginal product is any input in the production process is the increase in the quantity of output obtained from on additional unit of the input. Average product is the output produced when one more unit of the variable factor is employed The relationship is state as: If labour's marginal product is exceed its average product that means labour's average product will be rising. Labour's average product will be falling. If labour's marginal product is less than its average product. If labour's marginal product is equal its average product and the average product will reach the minimum value at the point.
inversely proportional or inverse proportion
Average Product = (Total Product) / (Labor) Marginal Product(2) = (Total Product)(2) - (Total Product)(1)
The relationship between the factors and the product is that they are both fractions.
1.when tp increases mp decreses. 2.when tp is at his highest point, mp is 0. 3.when tp decreses ,mp becomes negetive. and i have no idea what im talking abouT its dumb they should just give it to guys!
Marginal product is equal to average product when average product is maximumMarginal product determines the behaviour of the Average product. AP rises, reaches maximum and thereafter falls.For all sections that the MP is greater than the AP, the AP rises and MP is below AP, the AP decreases.Marginal product reaches maximum at a lower level of employment than does the AP
The product establishes the cost curve or the relationship between costs and outputs. Costs are influenced by the need and function of a certain product.
When a firm attains minimum average variable cost, the number of units of labor it is using depends on the average product.
Administrative salaries has no relationship with production of product so it almost always remain same so it is a fixed cost not variable cost
what is the relationship between marginal physical product and marginal cos
Factors multiply together to become a product.
parallel