Identify the correct statements from the following: (A) As long as MP>AP, the average Product (AP) can rise even when the Marginal Product (MP) is…
CUET UG 2025 — Economics Micro
Identify the correct statements from the following:
(A) As long as MP>AP, the average Product (AP) can rise even when the Marginal Product (MP) is falling.
(B) The law of variable proportions operates only if the factor ratio happens to change.
(C) Total Product (TP) must increase no matter if there are increasing or decreasing returns to a factor.
(D) Marginal Product (MP) = Average Product (AP), when AP is maximum.
Choose the correct answer from the options given below:
Held on 3 Jun 2025 · Verified 13 Jul 2026.
Options
- A
(A), (B) and (D) only
- B
(A), (B) and (C) only
- C
(A), (B), (C) and (D)
- D
(B), (C) and (D) only
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