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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

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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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