Relationship between Marginal Product and Total Product:(1) Whenever marginal product is positive, the net product raises:a. Whenever marginal product rises, the net product will be rises at a mounting rate.b. Whenever marginal product stays constant, the net product will be raising at a constant rate.c. Whenever marginal product reduces however is positive, the net product will be raising at a diminishing rate.(2) Whenever marginal product is zero, the net product arrives the maximum and stays constant
(3) Whenever marginal product is negative, the net product reduces.
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Activity Based Costing method is of recent origin and is basically concerned with apportionment of overheads in an organisation having results that different in complexity and volume of production.
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