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    The point of inflexion in classical production function lies at a point where:
    Question

    The point of inflexion in classical production function lies at a point where:

    A.

    Marginal Physical Product (MPP) is maximum

    B.

    Average Physical Product (APP) is maximum

    C.

    MPP = APP

    D.

    MPP = 0

    Correct option is A


    The point of inflexion in the classical production function represents the stage where the rate of increase in Total Physical Product (TPP) starts to decline. At this point, Marginal Physical Product (MPP) is at its maximum before it starts decreasing, marking the shift from increasing to diminishing returns.

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