Describe the relationship between marginal productivity and average pr

Describe the relationship between marginal productivity and average productivity. Use calculus or a graph to support your answer.

What will be an ideal response?

ANSWER

AP = Q(L)/L. dAP/dL = ([L ∗ MP] – Q) /L2 = (MP – AP)/L. Thus, if MP = AP, AP is constant. If MP > AP, AP will rise. If MP < AP, AP will fall.