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What is TP

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What is TP

Posted by Divyanshu Godson 🌫🎐 1 year, 8 months ago

CBSE > Class 11 > Economics

1 answers

Preeti Dabral 1 year, 8 months ago

TP stands for the Total product, MP stands for the Marginal Product and AP stands for the average product. Let's understand these briefly. Total Product: Total product is referred to as the relationship between the variable input and the output, when all other factors of input are constant.

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Posted by Divyanshu Singh 4 months, 1 week ago

CBSE > Class 11 > Economics