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Relationship Between AP And MP |
Answer» Here the table and the diagram below shows the following relationship between AP and MP:•\xa0AP increases as long as MP is greater than AP. Till the point p, AP is at maximum.•\xa0AP decreases when MP < AP. Beyond the point p, AP is at its top.•\xa0AP is at its maximum when AP = MP. MP curve cuts AP from above at its maximum.•\xa0MP may be zero or negative, but AP remains positive.\xa0\tUnits of Fixed FactorUnits of Variable FactorAPMP100011441210161316281417201516101614417120\xa0181-4\t | |