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Marginal product cuts average product from its top. |
Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :True. It happens because when average product (AP) rises, marginal product (MP) is more than AP. When AP <a href="https://interviewquestions.tuteehub.com/tag/falls-983294" style="font-weight:bold;" target="_blank" title="Click to know more about FALLS">FALLS</a>, MP is <a href="https://interviewquestions.tuteehub.com/tag/less-1071906" style="font-weight:bold;" target="_blank" title="Click to know more about LESS">LESS</a> than AP. So, MP cuts AP from its <a href="https://interviewquestions.tuteehub.com/tag/top-1422115" style="font-weight:bold;" target="_blank" title="Click to know more about TOP">TOP</a> (Refer <a href="https://interviewquestions.tuteehub.com/tag/fig-460913" style="font-weight:bold;" target="_blank" title="Click to know more about FIG">FIG</a>. 5.5)<br/> <img src="https://d10lpgp6xz60nq.cloudfront.net/physics_images/SG_MIC_ECO_C05_S01_039_S01.png" width="80%"/></body></html> | |