state by giving reasons whether the following statements are true or false
(a)average product falls only when marginal product is less than average products
(b)when total product is constant, average product will fall
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state by giving reasons whether the following statements are true or false
(a)average product falls only when marginal product is less than average products
(b)when total product is constant, average product will fall
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Answer:
a) false
reason earlier the ap is less than the mp in the initial stage after intersecting ap is more than the ap
b) true
reason total product is constant and output is increasing then ap will fall