When average product is at a maximum, marginal product is

Related MCQs

• When both average and total product are greater than zero, and marginal product equals average product, then total product:
• When marginal product reaches its maximum, what can be said of total product?
• The sum of marginal propensity to consume plus marginal propensity to save must equal to:
• If a firm’s average cost is Rs.32 at 6 units of output and Rs.34 at 7 unit, which one among the following is the marginal cost of producing the 7th unit
• Marginal costs and average variable costs are equal when
• When Total Utility is maximum, Marginal Utility is :
• Total Revenue is the maximum when Marginal Revenue 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:
• Whenever marginal product is declining with increasing use of an input,