When both average and total product are greater than zero, and marginal product equals average product, then total product:

Related MCQs

• When average product is at a maximum, marginal product is
• If you know that with 8 units of output, average fixed cost is Rs. 12.50 and average variable cost is Rs. 81.25, then total cost at this output level is:
• The marginal product of labor curve shows the change in total product resulting from:
• When marginal product reaches its maximum, what can be said of total product?
• If the income elasticity of demand is greater than one, then the commodity is:
• With fixed costs of Rs. 400, a firm has average total costs of Rs. 3 and average variable costs of Rs. 2.50. Its output is:
• Marginal costs and average variable costs are equal when
• When Total Utility is maximum, Marginal Utility is :
• When Marginal Utility is negative, Total Utility:
• Total Revenue is the maximum when Marginal Revenue is ----------