When the Average Product (Ap) is Maximum, the Marginal Product (Mp) Is: (Choose the Correct Alternative) - Economics

When the Average Product (AP) is maximum, the Marginal Product (MP) is: (Choose the correct alternative)

(a) Equal to AP

(b) Less than AP

(c) More than AP

(d) Can be any one of the above

Solution

Equal to AP

When Average product is maximum, the Marginal product is equal to Average product.

Concept: Average and Marginal Physical Products
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