Refer to the truth or falsity of the following statements: 1. The isoquants are totally analogous to the indifference curves.

Whenever the Marginal Product (MP) is decreasing to the Average Product (AP), it will also be decreasing. Graph

3. In a production function, the Marginal Product (MP) can be obtained as the slope of the tangent line at the point of analysis; while the Average Product (AP) is the slope of the line joining the origin with the maximum of the production curve. Explain with graphs.