CURVE SHOWS the relation between marginal product and the quantity of the variable input. This curve shows the incremental change in OUTPUT at each level of a variable input. Its shape is in the form of a HUMP or an inverse U because of increasing marginal returns in the beginning followed by decreasing and then diminishing marginal returns.

"> CURVE SHOWS the relation between marginal product and the quantity of the variable input. This curve shows the incremental change in OUTPUT at each level of a variable input. Its shape is in the form of a HUMP or an inverse U because of increasing marginal returns in the beginning followed by decreasing and then diminishing marginal returns.

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The marginal product curve is inverse _________ shaped.

Current Affairs General Awareness in Current Affairs . 8 months ago

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Marginal Product CURVE SHOWS the relation between marginal product and the quantity of the variable input. This curve shows the incremental change in OUTPUT at each level of a variable input. Its shape is in the form of a HUMP or an inverse U because of increasing marginal returns in the beginning followed by decreasing and then diminishing marginal returns.

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Posted on 24 Oct 2024, this text provides information on Current Affairs related to General Awareness in Current Affairs. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

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