1.

Giving reasons, state whether the following statements are true or false: (i) Average product will increase only when marginal product increases. (ii) Under diminishing returns to a factor, total product continues to increase until marginal product reaches zero.

Answer»

Giving reasons, state whether the following statements are true or false:
(i) Average product will increase only when marginal product increases.
(ii) Under diminishing returns to a factor, total product continues to increase until marginal product reaches zero.



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