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Commerce · Q635

Economics

Graduate and Post Graduate · Commerce · question 635

Q635

Consider the following statements. 1. MP is also called MPP. 2. Physical product refers to production as measured in terms of physical units of the commodity. 3. TP increases even when MP is decreasing. Which of the statement(s) given above is/are correct?

A.
Only 1
B.
Both 2 and 3
C.
Both 1 and 2
D.
All of the above
Answer

Answer: Option D

Solution

Answer: Option D
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