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If the total product curve first increases at an increasing rate (i.e., it faces up) and then increases at a decreasing rate (i.e., it faces
If the total product curve first increases at an increasing rate (i.e., it faces up) and then
increases at a decreasing rate (i.e., it faces down),
Based on the above scenario, please explain the shape of the average product corresponding to marginal product curves?
and What is the relationship between average product and marginal product?
Lastly the relationship between the above total product curve and the total cost curve?
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