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 sum of marginal propensity to consume plus marginal propensity to save must equal to:
• 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:
• If negative income effect is greater than positive substitution effect : the product will be
• 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
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• When Total utility is increasing at an decreasing rate, marginal utility is