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Total Physical Product, Average Physical Product, and Marginal Physical Product per Input 50 40 30 Marginal Physical Product Total Physical Product, Average Physical Product, 20

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Total Physical Product, Average Physical Product, and Marginal Physical Product per Input 50 40 30 Marginal Physical Product Total Physical Product, Average Physical Product, 20 10 0 5 10 15 20 25 -10 Input Total Physical Product Average Physical Product - Marginal Physical ProductProduction Economics : Theory and application Given the following hypothetical data on input ( x) and total Physical Product (TPP) of XYZ corporation. Input ( X ) Total Average Marginal Physical Physical Physical Product Product Product (TPP ) (APP ) (MPP ) 0 O O NO 3 3 14 3.5 4 24 4 32 4 4 38 3.8 3 12 42 3.5 2 14 44 3.14 44 2.75 O 18 42 2. 33 -1 20 30 1.5 - 6From the data and graphical interpretation, show and discuss the relationship ( s) between among the variables : X, TPP or Y. APP and MPP. What is the significance of these relationships to Production Management

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