Giving reasons state true or false 1) TP will increase only when MP increases 2)The differnece between ATC - Economics - Production and Costs

Question

Giving reasons state true or false 1) TP will increase only when MP
increases 2)The differnece between ATC AVC decreases in the level
of output 3)Greater production always means greater revenue

Vanita Rana · Accepted Answer

1) False Total product will also increase when marginal product
decreases
2) True The difference between ATC and AVC is AFC AFC declines with
increase in the output level
3) False Despite of greater production, a fall in price(AR) leads
to lower TR

Giving reasons state true or false. 1) TP will increase only when MP increases. 2)The differnece between ATC AVC decreases in the level of output. 3)Greater production always means greater revenue.