<P> During the early stages of production MP is greater than AP . When the MP is above the AP the AP will increase . Eventually the MP reaches it maximum value at the point of diminishing returns . Beyond this point MP will decrease . However , at the point of diminishing returns the MP is still above the AP and AP will continue to increase until MP equals AP . When MP is below AP , AP will decrease . </P>
<P> During the early stages of production MP is greater than AP . When the MP is above the AP the AP will increase . Eventually the MP reaches it maximum value at the point of diminishing returns . Beyond this point MP will decrease . However , at the point of diminishing returns the MP is still above the AP and AP will continue to increase until MP equals AP . When MP is below AP , AP will decrease . </P>
at what output is marginal product of labour the highest
at what output is marginal product of labour the highest
at the point of diminishing returns
at the point of diminishing returns