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      Question

      According to Law of diminishing return, the optimum

      profit will be at the point where:
      A MP>AP Correct Answer Incorrect Answer
      B MP Correct Answer Incorrect Answer
      C MP=AP Correct Answer Incorrect Answer
      D MC=MP Correct Answer Incorrect Answer

      Solution

      According to Law of diminishing return, the optimum profit will be at the point where marginal cost will become equal to marginal product.

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