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Which of the following is correct? Multiple Choice When AP is rising, MC is falling, and when AP is falling, MC is rising. When MP is rising, MC is falling, and when MP is falling, MC is rising. There is no relationship between MP and MC. When MP is rising, MC is rising, and when MP is falling, MC is falling.

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adefioyelaoye

The statement which is correct is that when MP is rising MC is falling, and when MP is falling MC is rising and is denoted as option B.

What is MP?

This is referred to as marginal product and is referred as the extra output derived as result of additional inputs.

MC on the other hand is known as marginal cost and they have an inverse relationship such that when MP is rising , MC is falling and vice versa thereby making it the most appropriate choice.

Read more about Marginal product here https://brainly.com/question/15314652

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