In the third of three stages of Production:

CA Foundation · Business Economics · MTP · September 2025
In the third of three stages of Production:
(A) A. The marginal Product curve had a positive slope
(B) B. The marginal product curve lies completely below the average product curve
(C) C. The Total Product Increases
(D) D. None of these

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. The marginal product curve lies completely below the average product curve

Topics: Theory of Production and Cost

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