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Production and cost — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsProduction and cost1 Mark
Question
When the Average Product (AP) is maximum, the Marginal Product (MP) is:
  1. Equal to AP.
  2. Less than AP.
  3. More than AP.
  4. Can be any one of the above.
✓

Answer

  1. Equal to AP.

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