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Total, Average and Marginal Product curves
Lesson 7 of 11 • 4 upvotes • 10:13mins
Antara Mahanta
In this lesson we will learn about the total product, average product and marginal product curves through graphical representations. This lesson also states about the relationship between AP and MP curves.
Production and Costs: Class 12 NCERT
11 lessons • 1h 48m
1
Course Overview
5:22mins
2
Introduction
8:34mins
3
Production Function
10:16mins
4
Isoquant
10:23mins
5
Total, Average and Marginal Product
10:29mins
6
Law of diminishing marginal product and law of variable proportion
11:56mins
7
Total, Average and Marginal Product curves
10:13mins
8
Returns to scale
8:23mins
9
Costs
8:52mins
10
Short run cost curves
12:41mins
11
Long run costs
11:26mins
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