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What happens to AP, when MP is more than...

What happens to AP, when MP is more than AP ?

A

AP rises

B

AP falls

C

AP remains constant

D

None of these

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The correct Answer is:
A
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SANDEEP GARG-PRODUCTION FUNCTION-REVISION EXERCISE
  1. Which of the following is not a reason for operation of increasing ret...

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  2. When average product increases, the marginal product is :

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  3. What happens to AP, when MP is more than AP ?

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  4. What is the behaviour of TP, when MP becomes negative ?

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  5. According to Law of Variable Proportions, there are phases.

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  6. Average product cannot be negative because :

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  7. The law diminishing retuns refers to an eventual fall in :

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  8. The 2^(nd) phase (diminishing returns to a factor) is exhibited by the...

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  9. Which phase of Law of Viriable Proportions has been ruled out on the g...

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  10. A rational producer always aims to operate in of Law of Variable Prop...

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  11. In general, most of the production functions measures :

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  12. Product per unit of labour employed is termed as :

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  13. When AP is maximum, MP is equal to:

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  14. Variable factors refer to those factors of production :

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  15. Both AP and MP curves are generally :

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  16. In describing a given production technology, the short run is best des...

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  17. is the period of time in which all the factors of production are varia...

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  18. The 'Marginal Product' of a variable input is best described as :

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  19. On the basis of following schodule, answer the following questions : ...

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  20. On the basis of following schodule, answer the following questions : ...

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