The marginal product curve is above the average product curve when the average product is :

Related MCQs

• If you know that the marginal utility per rupees spent on product Alpha is less than the marginal utility per rupees spent on product Beta, consumers who spend all their income on these two products can:
• If the marginal product of labour is below the average product of labour. It must be true that:
• The marginal product of labour curve shows the change in total product resulting from a:
• When marginal product reaches its maximum, what can be said of total product?
• The reason the marginal cost curve eventually increases as output increases for the typical firm is because:
• The firm’s short-run marginal-cost curve is increasing when:
• A consumer is in equilibrium and is spending income in such a way that the marginal utility of product X is 40 units and Y is 16 units. The unit price of X is Rs.5. The price of Y is:
• At the point of inflexion, the 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:
• 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: