Answered
Which of the following statements concerning the relationships between total product (TP) , average product (AP) , and marginal product (MP) is not correct?
A) AP continues to rise so long as TP is rising.
B) AP reaches a maximum before TP reaches a maximum.
C) TP reaches a maximum when the MP of the variable input becomes zero.
D) MP cuts AP at the maximum AP.
On Sep 23, 2024