Average and marginal physical product is an important concepts in theory of production if there are nine
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Question:
Average and marginal physical product is an important concepts in theory of production if there are nine numbers of labors whereas the total productivity of labour is as 0, 3, and 10,24,36,40,42,42,40. With the help of above data calculate APP and MPP. Solve mathematically and graphically also identify theory which is foundation for the theory of supply.
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