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MCQ
True or False
Explain whether the statement is true or false with reasons.
Average product curve and Marginal product curves are 'U-shaped' curves.
Options
True
False
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Solution
Average product curve and Marginal product curves are 'U-shaped' curves: This statement is false.
Average product curve and Marginal product curves are 'Inverse U-shaped' curves.
Concept: Shapes of Product Curves
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