Which of the following statements best describes the relationship between average product and marginal product?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
Correct Answer: Option C
Explanation:
As long as the Marginal Product of labour is greater than the Average Product, the AP continues to rise. At the maximum of AP, AP and MP are equal.
As long as the Marginal Product of labour is greater than the Average Product, the AP continues to rise. At the maximum of AP, AP and MP are equal.