Question
If total product is at its maximum then: (AP= Average product) (MP= Marginal product)
Answer: Option A
Answer: (a)
Total product (TP) is the total output a production unit can produce, using different combinations of factors of production.
When marginal product =0 (at point D in the figure), the total product is at its maximum (as seen at point C in the figure given below). Then en as the marginal product becomes negative, the total product starts going down.
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Answer: (a)
Total product (TP) is the total output a production unit can produce, using different combinations of factors of production.
When marginal product =0 (at point D in the figure), the total product is at its maximum (as seen at point C in the figure given below). Then en as the marginal product becomes negative, the total product starts going down.
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