-Refer to Exhibit 10-2.At M,
A) TP = TE.
B) TP TE.
C) TE TP.
D) the relationship between TP and TE cannot be determined.

Name: -Refer to Exhibit 10-2.At M, A) TP = TE. B) TP > TE. C) TE > TP. D) the relationship between TP and TE cannot be determined.
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Question

-Refer to Exhibit 10-2.At M,
A) TP = TE. 
B) TP > TE. 
C) TE > TP. 
D) the relationship between TP and TE cannot be determined.

Quizplus · Accepted Answer

At point M, Total Expenditure (TE) is greater than Total Product (TP) because TE continues to increase due to the price per unit, while TP starts to decrease due to diminishing returns.