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Simple defination of tp, ap, mp, …

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Simple defination of tp, ap, mp, ac, tc, mc

Posted by Neha Mathur 6 years, 7 months ago

CBSE > Class 12 > Economics

2 answers

Indrajeet Arora 6 years, 7 months ago

You need to learn whole definition of these term without cutting it. Because cutting definition will cut your marks also.

Abhishek Attri 6 years, 7 months ago

TP is total production from the fixed or variable factor ..AP is average per unit of factor ..MP is addition in the total product when one more unit of variable factor is employed ..AC refers to cost per unit of product ..TC refers to total cost for manufacturing the product ..MC refers to the addition in the total cost when one product is manufactured

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