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Question : When the average product of an input is at its maximum then:

(AP = Average product)

(MP = Marginal product)

Option 1: AP = 0

Option 2: AP = MP

Option 3: AP > MP

Option 4: AP < MP


Team Careers360 25th Jan, 2024
Answer (1)
Team Careers360 26th Jan, 2024

Correct Answer: AP = MP


Solution : The correct option is AP = MP .

The point where MP intersects AP is also where AP is at its greatest. When MP drops below AP, AP ceases to increase and instead begins to decrease. Consequently, it is true to say that AP is at its highest when MP and AP are both equal.

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