Yes and no.... If you do that the switch needs to be connected to another router that serves IP addresses, and the AP's need to be configured properly.
If you have multiple DHCP servers on a network, your network will come to a crashing halt.
NO HUBS! all hubs do is create massive broadcasts over all the ports... the only time you should use it is if it is being used as a repeater (2 ports)... even then it will not be as good as a switch.