Total Physical Product

GPTKB entity

Statements (13)
Predicate Object
gptkbp:instanceOf gptkb:economic_policy
gptkbp:abbreviation gptkb:TPP
gptkbp:defines The total quantity of output produced by a firm for a given quantity of inputs.
gptkbp:dependsOn quantity of input used
gptkbp:field microeconomics
https://www.w3.org/2000/01/rdf-schema#label Total Physical Product
gptkbp:measures units of output
gptkbp:relatedTo Average Physical Product
Marginal Physical Product
gptkbp:shape typically increases at a decreasing rate
gptkbp:usedIn production theory
gptkbp:bfsParent gptkb:TPP
gptkbp:bfsLayer 6