Marginal product (MP) and the average product (AP) curves are inverse 'U'-shaped. which of the following is correct for AP and MP.

Question

Option 1: Average product curve cuts the marginal product curve from above at the maximum point of marginal product curve.

Option 2: Average product curve cuts the marginal product curve from above at the minimum point of marginal product curve.

Option 3: Marginal product curve cuts the average product curve from above at the minimum point of average product curve

Option 4: Marginal product curve cuts the average product curve from above at the maximum point of average product curve.

AfterBoards · Accepted Answer

The answer is 'Marginal product curve cuts the average product curve from above at the maximum point of average product curve.'. View full solution:

CUET Economics 2025 22 May Shift 2 PYQs