![Mcqmate logo](https://mcqmate.com/public/images/logos/logo-black.png)
![Mcqmate logo](https://mcqmate.com/public/images/logos/logo-white.png)
McqMate
Q. |
If total product is at its maximum then:.......
|
A. | AF = 0 |
B. | AP < 0 |
C. | MP = 0 |
D. | AP = MP = 0 |
Answer» C. MP = 0 | |
Explanation: Total product (TP) is the total output a production unit can produce, using different combination 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. |
View all MCQs in
Economics (GK)No comments yet