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Tutorial 6 20 Outputus per day 15 TP 10 1. The diagram beside gives a firm's total product a) Explain 4 relationships between TP, MP
Tutorial 6 20 Outputus per day 15 TP 10 1. The diagram beside gives a firm's total product a) Explain 4 relationships between TP, MP and 3 relationships between MP and AP b) In the above figure, an inefficient point is c) In the above figure, an unattainable point d) In the above figure, the most efficient way to produce 10 units is to hire IS 1 2 Labor (workers per day! Quantity of labor Total mort 2 Ajax Manufacturing has a fixed scale of plant
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