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Average product is equal to marginal product when: I. Average Product is maximum II Average Product is minimum III Marginal Product is zer
Question

Average product is equal to marginal product when:
I. Average Product is maximum
II Average Product is minimum
III Marginal Product is zero

A.

Only I

B.

Only II

C.

only III

D.

I, II and III

Correct option is B


Average product is at its maximum when it equals the marginal product, which is a critical point in production economics.

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