Choose
The average product curve in the input-output plane, will be
the correct alternative)
(a) an 's' shaped curve
(b) an inverse "S" shaped curve
c) a 'U' shaped curve
(d) an inverse 'U' shaped curve
P.T.O.
Answers
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chetanaysinghal:
i think u r wrong
Answered by
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Correct answer is option (d) an inverse 'U' shaped curve.
More details about the topic:
In the input-output plane, Average Product (AP) curve is in the shape of inverted U.
Similarly, a Marginal product curve shows an inverse ‘U’ shaped curve.
But, the Average Variable Cost (AVC) curve and the Short run average cost (SAC) curve are U shaped.
Hope it helps.
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