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Consider the Total Product (TP) curve given below. Three rays from the origin touch the TP...

Consider the Total Product (TP) curve given below. Three rays from the origin touch the TP curve at four points. Label these points (A, B, C, D). Now consider the slope of the ray from the origin to each point and the slope of a line tangent to TP at each point.

Use the relationship among the slopes to plot the Average Product ( AP) and Marginal Product (MP) curves on the set of axes below. You need not “calculate” specific numbers; just examine the slopes and determine wich are higher and lower, and which are maximums or zero. Be sure to label the axes completely on both graphs.

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