Multiple Choice Questions on Statement 1 AP can take positive values only Statement 2 TP can take negative values only Alternativ........... for Common University Entrance Test (CUET) Preparation

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Multiple Choice Questions

Statement 1 AP can take positive values only Statement 2 TP can take negative values only Alternativ...........

Economics (CUET) Theory of Production and Cost
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    Statement 1: AP can take positive values only.

    Statement 2: TP can take negative values only.

    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
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    Explanation:

    Option (3) is correct.
    Explanation: Average product can be defined as total product divided by number of units of variable factor. Since, total product can only be positive and cannot take negative values,
    hence, AP can have only positive values.

    By: Parvesh Mehta
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