Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Micro Economics: Production and Costs

Question:
Which of the following is true-
a) The Marginal product (MP) remains above an average product (AP) when AP rises.
b) Marginal product (MP) remains below average product (AP) , in case AP declines.
c) When average product (AP) falls Marginal product (MP) falls.
Options:
a, b and c
a and b
b and c
c and a
Correct Answer:
a, b and c
Explanation:
All options are correct.