Multiple Choice Questions on Statement 1 When MP is more than AP then AP rises Statement 2 When MP is less than AP then AP i........... for Common University Entrance Test (CUET) Preparation

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Multiple Choice Questions

Statement 1 When MP is more than AP then AP rises Statement 2 When MP is less than AP then AP i...........

Introductory Microeconomics Theory of Production and Cost
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    Statement 1: When MP is more than AP, then AP rises.

    Statement 2: When MP is less than AP, then AP is at its maximum point. 

    Alternatives:

     

    Both the statements are true.
     

    Incorrect Answer

    Both the statements are false.
     

    Incorrect Answer

    Statement 1 is true but statement 2 is false.
     

    Correct Answer

    Statement 1 is false but statement 2 is true

    Incorrect Answer
    Explanation:

    Option (3) is correct.
    Explanation: When MP is more than AP, then AP curve rises. When MP-AP, then AP is at its maximum point. And when MP is less than AP, AP falls.

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