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Statement 1: AP can take positive values only. Statement 2: TP can take negative values only. -

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Question

Statement 1: AP can take positive values only.

Statement 2: TP can take negative values only.

Options

  • Both the statements are true

  • Both the statements are false

  • Statement 1 is true but statement 2 is false

  • Statement 1 is false but statement 2 is true

MCQ

Solution

Statement 1 is true but statement 2 is false

Explanation:

The average product is calculated by dividing the total product by the number of units of the variable factor. Because total product can only have positive values and cannot have negative values, AP can only have positive values.

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Methods of Calculating National Income - Value Added Or Product Method
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