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
Advertisement Remove all ads
Solution
Equal to AP
When Average product is maximum, the Marginal product is equal to Average product.
Concept: Average and Marginal Physical Products
Is there an error in this question or solution?
Advertisement Remove all ads
APPEARS IN
Advertisement Remove all ads
Advertisement Remove all ads
