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State true or false by giving …

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State true or false by giving reasons: Total product will increase only when marginal product increases.

Posted by Archita Joshi 6 years, 10 months ago

CBSE > Class 12 > Economics

1 answers

Indrajeet Arora 6 years, 10 months ago

Yes, this statement is partial correct. Because when MP increase TP also increase. Moreover, when MP decrease then also TP increase but, at decreasing rate. In other words TP is summation of MP. The change in nature of MP make change in TP nature also from point of inflexion. Point of inflexion refers to that point from which a curve starts changing its behaviour. I hope you get required answer. Thank you!

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