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.

    Practice Next
    ask-question