Question

average product curve and marginal product are ' u ' shaped curves . true or false?
give valid reason in the support of your answer?​

Answer 1

Answer:

Relationship between Average Product and Marginal Product

When Average Product is rising, Marginal Product lies above Average Product. When Average Product is declining, Marginal Product lies below Average Product. At the maximum of Average Product, Marginal and Average Product equal each other.

Explanation:

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