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Direction: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:
Assertion (A): Average product increases only when marginal product increases.
Reason (R): AP increases so long as MP is greater than AP, whether MP is rising or falling.
- a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of the Assertion (A).
- b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of the Assertion (A).
- c)Assertion (A) is true, but Reason (R) is false.
- d)Assertion (A) is false, but Reason (R) is true.
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
Direction: In the following questions, a statement of Assertion (A) i...
Average product will increase only when marginal product increases. Average product rises only where marginal product rises. Answer: False: Average product may increase even if marginal product does not increase. Marginal product rises and falls at a faster rate than the average product.
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Direction: In the following questions, a statement of Assertion (A) i...
Assertion (A): Average product increases only when marginal product increases.
Reason (R): AP increases so long as MP is greater than AP, whether MP is rising or falling.
The correct answer is option 'D', which states that Assertion (A) is false, but Reason (R) is true.
Explanation:
To understand why the correct answer is option 'D', let's analyze the statements individually.
Assertion (A): Average product increases only when marginal product increases.
The average product (AP) is the total output produced per unit of input. It is calculated by dividing the total output by the total input. On the other hand, the marginal product (MP) is the additional output produced by employing one more unit of input.
While it is true that an increase in marginal product generally leads to an increase in average product, it is not the only factor that influences the change in average product. Average product can also increase when marginal product is decreasing, as long as the marginal product remains greater than the average product.
Reason (R): AP increases so long as MP is greater than AP, whether MP is rising or falling.
The reason provided in the statement is correct. If the marginal product is greater than the average product, it will pull the average product up, even if the marginal product is decreasing. This is because the additional output produced by employing one more unit of input (MP) is still greater than the average output per unit of input (AP).
In such a case, the average product will continue to increase until the marginal product becomes equal to the average product. After that point, if the marginal product continues to decline, the average product will start to decrease.
Conclusion:
Based on the above analysis, we can conclude that while Assertion (A) is false because average product can increase even when marginal product is decreasing, Reason (R) is true as it explains that average product increases as long as marginal product is greater than the average product. Therefore, option 'D' is the correct answer.
Reason (R): AP increases so long as MP is greater than AP, whether MP is rising or falling.
The correct answer is option 'D', which states that Assertion (A) is false, but Reason (R) is true.
Explanation:
To understand why the correct answer is option 'D', let's analyze the statements individually.
Assertion (A): Average product increases only when marginal product increases.
The average product (AP) is the total output produced per unit of input. It is calculated by dividing the total output by the total input. On the other hand, the marginal product (MP) is the additional output produced by employing one more unit of input.
While it is true that an increase in marginal product generally leads to an increase in average product, it is not the only factor that influences the change in average product. Average product can also increase when marginal product is decreasing, as long as the marginal product remains greater than the average product.
Reason (R): AP increases so long as MP is greater than AP, whether MP is rising or falling.
The reason provided in the statement is correct. If the marginal product is greater than the average product, it will pull the average product up, even if the marginal product is decreasing. This is because the additional output produced by employing one more unit of input (MP) is still greater than the average output per unit of input (AP).
In such a case, the average product will continue to increase until the marginal product becomes equal to the average product. After that point, if the marginal product continues to decline, the average product will start to decrease.
Conclusion:
Based on the above analysis, we can conclude that while Assertion (A) is false because average product can increase even when marginal product is decreasing, Reason (R) is true as it explains that average product increases as long as marginal product is greater than the average product. Therefore, option 'D' is the correct answer.
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Direction: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): Average product increases only when marginal product increases.Reason (R): AP increases so long as MP is greater than AP, whether MP is rising or falling.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of the Assertion (A).b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of the Assertion (A).c)Assertion (A) is true, but Reason (R) is false.d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'D'. Can you explain this answer? for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Direction: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): Average product increases only when marginal product increases.Reason (R): AP increases so long as MP is greater than AP, whether MP is rising or falling.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of the Assertion (A).b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of the Assertion (A).c)Assertion (A) is true, but Reason (R) is false.d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Direction: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): Average product increases only when marginal product increases.Reason (R): AP increases so long as MP is greater than AP, whether MP is rising or falling.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of the Assertion (A).b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of the Assertion (A).c)Assertion (A) is true, but Reason (R) is false.d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'D'. Can you explain this answer?.
Direction: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): Average product increases only when marginal product increases.Reason (R): AP increases so long as MP is greater than AP, whether MP is rising or falling.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of the Assertion (A).b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of the Assertion (A).c)Assertion (A) is true, but Reason (R) is false.d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'D'. Can you explain this answer? for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Direction: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): Average product increases only when marginal product increases.Reason (R): AP increases so long as MP is greater than AP, whether MP is rising or falling.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of the Assertion (A).b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of the Assertion (A).c)Assertion (A) is true, but Reason (R) is false.d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Direction: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): Average product increases only when marginal product increases.Reason (R): AP increases so long as MP is greater than AP, whether MP is rising or falling.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of the Assertion (A).b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of the Assertion (A).c)Assertion (A) is true, but Reason (R) is false.d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'D'. Can you explain this answer?.
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