Question 8
When average product APL is at a maximum, then marginal product is equal to average product
True
False
When average product APL is at a maximum, then marginal product is equal to average product
True
False
Correct answer
True
Question 8 of 24 in the IIT Madras BS Managerial Economics (Managerial Economics) Quiz 1 paper sat on 15 Mar 2026, in the January 2026 term (Managerial Economics 15 Mar 26). It carries 1 mark.