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Production Function: TP, MP and AP · Question 22 of 62

Question 22

MediumOriginal question

Read the two statements and choose the correct option.

I. When MP is zero, TP is at its maximum.

II. When AP is at its maximum, MP equals AP.

Options for question 22

Show the answer and explanation
CorrectNot quiteAnswer C

Correct answer: C

Explanation

  1. I is true: TP stops rising exactly when the extra worker adds nothing.

  2. II is true: MP cuts AP from above at AP's highest point.

Concept
Key points on the product curves
Typical time
70 s
Your time
—
The rule this testsTotal, marginal and average product
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