Which of the following statements concerning the relationships among total product (TP),average product (AP),and marginal product (MP)is not correct?
A)AP continues to rise so long as TP is rising.
B)AP reaches a maximum before TP reaches a maximum.
C)TP reaches a maximum when the MP of the variable input becomes zero.
D)MP cuts AP at the maximum of AP.
E)MP reaches a maximum before AP reaches a maximum

Question

Quizplus · Accepted Answer

AP (Average Product) continues to rise as long as MP (Marginal Product) is above AP, not necessarily as long as TP (Total Product) is rising. TP can continue to rise even when AP starts to decline, as long as MP is positive.

Which of the Following Statements Concerning the Relationships Among Total