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Commerce · Q1434

Economics

Graduate and Post Graduate · Commerce · question 1434

Q1434

Which of the following statement accurately describes the relationship between AP and MP?

A.
AP rises when MP is above it, and falls when MP is below it
Answer
B.
MP intersects AP at its minimum point
C.
AP is always rising when MP is falling and vice versa
D.
None of the above

Answer: Option A

Solution

Answer: Option A
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