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JAMB Economics 2011 Question 11

Question 11

Theory of Production

In the process of production, total output is at maximum when

  1. A.MP = 0
  2. B.MP > 0
  3. C.AP = 0
  4. D.AP > 0.
Show the answer and explanation

Answer: A (MP = 0)

Explanation

Total product keeps rising while marginal product is positive and starts to fall once MP is negative, so it peaks where MP = 0.