The marginal product and average product curves
A) intersect at the maximum point of the marginal product curve.
B) do not intersect at any predictable point.
C) intersect at the maximum point of the average product curve.
D) never intersect.

Question

Quizplus · Accepted Answer

The marginal product and average product curves intersect at the maximum point of the average product curve. This is because when the marginal product is above the average product, it pulls the average product up, and when it is below, it pulls the average product down. The intersection point marks the peak efficiency per unit of input.

The Marginal Product and Average Product Curves