state whether the following are true aur false

1.) when MR is constant and not equal to zero then TR will also be constant

2.) as soon as MC starts rising AVC also starts rising

3.) TP always increases whether there is increasing returns or dimnishing returns to a factor

(i) False. When MR is constant, TR is not constant rather it is increasing at a constant rate.

(ii) False. MC reaches its minimum point much earlier than AVC. So, when MC starts rising AVC is still falling.

(iii) True. TP increases whether there is increasing returns to scale or decreasing returns to scale. However, when there are increasing returns to factor TP increases at an increasing rate and when there are diminishing rate TP increases but at a decreasing rate.

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