When MPP (Marginal Physical Product) cuts APP (Average Physical Product) at its highest point then:
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- MPP \(>\) APP
- MPP \(<\) APP
- MPP \(=\) APP
- MPP is also at its highest level
The Correct Option is C
Solution and Explanation
- When MPP $>$ APP, APP is increasing, as each additional input adds more to output than the average.
- When MPP $<$ APP, APP is decreasing, as additional inputs contribute less than the average.
- When MPP = APP, APP is at its maximum, as the marginal contribution equals the average, marking the peak of the APP curve.
Thus, when MPP intersects APP at APP’s highest point, MPP = APP, making option (3) correct.
- Option (1) is incorrect (MPP $>$ APP implies APP is still rising).
- Option (2) is incorrect (MPP $<$ APP implies APP is falling).
- Option (4) is incorrect (MPP peaks before APP, typically when MPP starts declining).
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