The following statements are about the relationship between typical total product (TP), average product (AP), and marginal product (MP) curves. Which statement is correct? O If TP is at a maximum, MP must be zero. O If TP is at a maximum, AP must be zero O If TP is at a maximum, MP must be at a maximum O If TP is at a maximum, AP must be at a maximum O If TP is at a maximum, both AP and MP must be at a maximum.
The following statements are about the relationship between typical total product (TP), average product (AP), and marginal product (MP) curves. Which statement is correct? O If TP is at a maximum, MP must be zero. O If TP is at a maximum, AP must be zero O If TP is at a maximum, MP must be at a maximum O If TP is at a maximum, AP must be at a maximum O If TP is at a maximum, both AP and MP must be at a maximum.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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The following statements are about the relationship between typical total product (TP), average
product (AP), and marginal product (MP)
O If TP is at a maximum, MP must be zero.
O If TP is at a maximum, AP must be zero
O If TP is at a maximum, MP must be at a maximum
O If TP is at a maximum, AP must be at a maximum
O If TP is at a maximum, both AP and MP must be at a maximum.
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