Q
Which of the following is a correct statement about the relationship between average product (AP) and marginal product (MP) ?
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A
A. If tp is declining, then ap is negative
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B
B. If ap = mp, then total product is at a maximum.
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C
C. If ap exceeds mp then ap is falling
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D
D. If ap is at a maximum, then mp is also,
Correct Answer:
C. C. If ap exceeds mp then ap is falling
