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Production Function: TP, MP and AP · Question 47 of 62

Question 47

MediumOriginal question

Read the two statements and choose the correct option.

I. In the first phase, AP is rising.

II. In the third phase, AP is rising.

Options for question 47

Show the answer and explanation
CorrectNot quiteAnswer A

Correct answer: A

Explanation

  1. I is true: in the first phase MP is rising and above AP, so AP rises.

  2. II is false: in the third phase MP is negative, far below AP, so AP falls.

Concept
AP across the phases
Typical time
70 s
Your time
—
The rule this testsThe law of variable proportions
Practise this chapter →

Ten questions from Production Function: TP, MP and AP, at your own pace.

Practise this chapter →

Ten questions from Production Function: TP, MP and AP, at your own pace.