MP curve cuts AP from its Top, this means-

CA Foundation · Business Economics · MTP · June 2024
MP curve cuts AP from its Top, this means-
(A) A. MP < AP
(B) B. MP > AP
(C) C. MP is rising
(D) D. MP is zero

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. MP > AP

Topics: Price Determination in Different Markets

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