Which of following is true? i. MP is U s

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Target Exam

CUET

Subject

Economics

Chapter

Micro Economics: Production and Costs

Question:

Which of following is true?
i. MP is U shaped curve
ii. AP is inverse U shaped curve
iii. TP is positively sloping curve

Options:

i only

i, ii and iii

ii and iii only

iii only

Correct Answer:

ii and iii only

Explanation:

AP is inverse U shaped curve and TP is positively sloping curve