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Question

Match the following situations:

A
TP rises increasingly
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B
TP rises decreasingly
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C
TP is maximum
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D
TP falls
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Solution

(i) When MP> 0 and increasing, TP increases at an increasing rate because MP measures the slope of TP.

(ii) Thus, when MP is falling but remains positive, TP rises at a diminishing rate.

(iii) When MP equals zero, TP reaches its maximum.

(iv) When MP becomes negative, TP falls.

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