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2. The marginal product and the average product are more derivative concepts of the total product, vet they appear to be playing a vital role

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2. The marginal product and the average product are more derivative concepts of the total product, vet they appear to be playing a vital role in microeconomic analysis. Give the importance of the MP and the AP showing mathematical derivation. 3. In the Factor-Factor Relationship, state the governing principle in determining the optimum combination of two variable inputs. Sketch a graphical illustration with complete labels

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