Which of the following statements about the short-run production function is true?
A)MP always equals AP at the maximum point of MP.
B)MP always equals zero when TP is at its maximum point.
C)TP starts to decline at the point of diminishing returns.
D)When MP diminishes,AP is at its minimum point.
E)None of the above is true.

Question

Quizplus · Accepted Answer

The Answer of Which of the following statements about the short-run production function is true?
A)MP always equals AP at the maximum point of MP.
B)MP always equals zero when TP is at its maximum point.
C)TP starts to decline at the point of diminishing returns.
D)When MP diminishes,AP is at its minimum point.
E)None of the above is true.

Which of the Following Statements About the Short-Run Production Function