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WAEC Agricultural Science 2002 Question 55

Question 55

Basic Agricultural Economics

On a curve for the law of diminishing returns, maximum output is obtained at the

  1. A.beginning of the curve
  2. B.end of the curve
  3. C.apex of the curve
  4. D.middle of the curve
Show the answer and explanation

Answer: C (apex of the curve)

Explanation

Total output is highest at the peak (apex); after it output falls.