Production and cost — Economics STD 12 Humanities & Commerce — Question
Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsProduction and cost1 Mark
Question
Justify the statement 'TP increases only when MP increases'.
✓
Answer
Above statement is false, MP is the rate of change in TP. Hence when MP rises, TP rises at a rising rate, however when MP falls but remains positive, TP will still rise, though at a diminishing rate.
Need a full question paper?
Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.