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    5. In a classical production function, the elasticity of production is greater than one, where

    Question

    In a classical production function, the elasticity of

    production is greater than one, where
    A The point of equality between APP and MPP Correct Answer Incorrect Answer
    B Up to the point where APP is maximum Correct Answer Incorrect Answer
    C The point where TPP is maximum Correct Answer Incorrect Answer
    D The point where MPP is maximum Correct Answer Incorrect Answer

    Solution

    When MP > AP, then EP > 1

    Practice Next
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