MCQ
The average product curve in the input-output plane, will be $.........($Choose the correct alternative$)$
- AAn $‘S’$ shaped curve.
- BAn inverse ‘S’ shaped curve.
- CA $‘U’$ shaped curve.
- ✓An inverse $‘U’$ shaped curve.
Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.
| Column I | Column II |
| A. Long run production function | (i) $TP _n- TP _{ n -1}$ |
| B. Short period | (ii) So long as $MP > AP$ |
| C. Marginal product | (iii) Production capacity remains constant |
| D. Total Product | (iv) Factor ratio does not change with change in the volume of output |
