When total product is maximum, marginal product is

Related MCQs

• A fall in the price of the commodity whose demand curve is a rectangular hyperbola causes total expenditure on the commodity
• An increase in the price of the commodity when demand is inelastic causes the total expenditure of consumers of the commodity to
• As a result of a fall in the price total expenditure on the commodity decreases, the coefficient of elasticity will be
• Other things remaining the same, the quantity of a product demanded increases with ------------ in price