When average product is at a maximum, marginal product is:

Related MCQs

• When marginal product reaches its maximum, what can be said of total product?
• When total utility is maximum, marginal utility is:
• Marginal product of a factor is
• Let a firm employs 5 labourers and produces 120 units of output. When 6 labourers are employed the firm produces 136 units of output. Then the marginal product is ---
• A firm produces 200 units of commodity X by employing 10 workers and 240 units of the same commodity by employing 12 workers. Then the Average Product of the worker is --------
• The law of diminishing marginal utility was popularized by:
• Marginal efficiency of investment curve is:
• If marginal propensity to consume is 0.8, the value of multiplier will be:
• Total product reaches at maximum when
• Average cost is the sum of AVC and