(Answered) Which of the following is a correct statement about the

Management Studies

Which of the following is a correct statement about the relationship between average product (AP) and marginal product (MP)?

a) If AP exceeds MP, then AP is falling.

b) If AP is at a maximum, then MP is also.

c) If TP is declining, then AP is negative.

d) If AP = MP, then total product is at a maximum.

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