📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    âš¡ Month End Offer - Flat 52% Off On All Courses! Enroll Now âš¡
    00:00:00 AM Left

    Question

    In which stage of classical production function, the

    marginal product is always greater than the average product?
    A I stage Correct Answer Incorrect Answer
    B III stage Correct Answer Incorrect Answer
    C II stage Correct Answer Incorrect Answer
    D Both II and III stage Correct Answer Incorrect Answer
    E Both I and III stage Correct Answer Incorrect Answer

    Solution

    Explanation: In the first stage of the classical production function, the marginal product is greater than the average product, meaning each additional unit of input increases total output.

    Practice Next
    ask-question