What describes the graphical relationship between average product and marginal product?
A) Average product cuts marginal product from above, at the maximum point of marginal product.
B) Average product cuts marginal product from below, at the maximum point of marginal product.
C) Marginal product cuts average product from above, at the maximum point of average product.
D) Marginal product cuts average product from below, at the maximum point of average product.
E) Average and marginal product do not intersect.

Question

Quizplus · Accepted Answer

Marginal product intersects average product from above at the maximum point of average product, indicating where average product is at its highest.

What Describes the Graphical Relationship Between Average Product and Marginal