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image (Production (Terms (AP (Average Productivity, TP/L), MP (Marginal…

- - - - Average Productivity
      - TP/L
    - - Marginal Productivity
      - :small_red_triangle: TP/ :small_red_triangle: L
    - - Total Productivity
      - K + L
    - - :small_red_triangle: TR / :small_red_triangle: L
      - MR * MP
    - - P*MP
      - MR = P
    - - :small_red_triangle: WC/ :small_red_triangle: L
  - - - Stage 2 :question:
    - - TR > TC
      - MRP : MWC
        
        MRP > MWC
        
        MRP < MWC
        
        MRP = MWC
  - - - Capital +
    - - None
    - - Labor +
      - Capital +