Which one of the following graphs is the correct presentation of the relationship between average product and marginal product? (Q is quantity of output and N is unit of variable factor)
CS CSEET · Business Economics & Fundamentals of Accounting and Auditing · PYQS · June 2013
Which one of the following graphs is the correct presentation of the relationship between average product and marginal product? (Q is quantity of output and N is unit of variable factor)
Answer & Explanation:
Correct Answer: Option (D)
Correct answer: (D) Figure 4.. Figure 4 puts output on the vertical axis and labour on the horizontal axis, with MP crossing AP at its maximum.
Topics: Business Economics
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