state true/false and explain.
1.average product falls only when marginal product falls.
2.A.P rises only when M.P rises.
Shri Lakshmi,
1. False. Average Product falls only when MP < AP whether MP is rising or falling.
2. In response to second part of your query, it has been given in All India Economics Board Paper 2013- Q-16( part a). Refer to the following link to view the same.
https://s3mn.mnimgs.com/img/shared/board_paper_solutions/2013/CBSE/XIICommerce/2013_CBSE_XIICommerce_16_2_SET1_sectionA.pdf?1364823912
1. False. Average Product falls only when MP < AP whether MP is rising or falling.
2. In response to second part of your query, it has been given in All India Economics Board Paper 2013- Q-16( part a). Refer to the following link to view the same.
https://s3mn.mnimgs.com/img/shared/board_paper_solutions/2013/CBSE/XIICommerce/2013_CBSE_XIICommerce_16_2_SET1_sectionA.pdf?1364823912