what happens to ap, when mp is more than ap?
a) ap rises
b) ap falls
c) ap remains constant
d) none of these
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Answer:
ap falls (b)
Explanation:
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Answered by
5
Answer:
c) ap remains constant to mp
When AP is rising it is always less than MP and when it is falling it is always greater than MP. MP = AP when AP is at its max. The law of diminishing returns states that as a firm uses more of a variable input without changing the quantity of fixed inputs, the MP of the variable input will eventually decline.
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