Ayushi posted an Question
July 12, 2020 • 21:58 pm 30 points
  • UGC NET
  • Economics

Indicate incorrect statement (1) 12) (3) (4) 18. when ap rises mp is more than ap when ap is maximum mp is equal to ap mp cuts the ap curve at its minimum when

Indicate incorrect statement (1) 12) (3) (4) 18. When AP rises MP is more than AP When AP is maximum MP is equal to AP MP cuts the AP curve at its minimum When AP falls, MP is less than AP

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    Nidhi taparia Best Answer

    Statement number 3 is incorrect out of all these. AP curve is cut by MP curve when AP is at its maximum, and not minimum. Look at the figure for an easier understanding.

    cropped6758621861885851998.jpg
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