When TP reaches its maximum point, MP becomes zero. This continues till the point where TP is at its highest. When TP increases at a diminishing rate, MP declines. As long as the the TP increases at an increasing rate, the MP also increases. The relationship between TP and MP is explained through the Law of Variable Proportions. Relationship between Total Product and Marginal Product It is very important to understand the relationship between these concepts in order to understand the process behind production by firms. There is a unique relationship between total product (TP) and marginal product (MP) and between marginal product (MP) and average product (AP).
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