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Byju's Answer Standard XI Economics Supply of Labour State whether... Question Open in App Solution False. Total product is at its maximum if and only if marginal product is zero. When average product is equal to marginal product, average product is at its maximum.Suggest Corrections 2 Similar questions Q. State whether true or false. Q. State whether true or false, and explain. "If average product is increasing, marginal product must be less than the average product." Q. State whether true or false, and explain. "If marginal product is negative, average product must be negative." Q. State whether true or false, and explain. "If total product is increasing, marginal product must also be increasing." Q. State whether true or false, and explain "Whenever marginal product is equal to average product, total product is at its maximum." View More Solve Textbooks Question Papers Install app What happen when marginal product is equal to average product?"Whenever marginal product is equal to average product, total product is at its maximum."
When marginal product is equal to average product output is maximized?Answer and Explanation: The average product of labor is maximized at that level where the marginal product of labor and average product labor are equal. The average product of labor can be measured by dividing the total labor output by labor employed unit.
What happens if average product is greater than marginal product?If the value of marginal product exceeds the average product it means that the average product will increase. On the contrary if the value of marginal product is less than the average product it means that the average product will decline. When the two are equal the will be no change in the average product of the firm.
Can average product rise when marginal product falls and why?Answer: Average product can rise even if marginal product is falling as long as the marginal product is higher than the average product. Answer: The total product function would be upward sloping and increases at a constant rate.
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If marginal product is equal to average product, then marginal product is increasing.
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