Question

A production manager should continue To use inputs unit the marginal product (MP) reaches at zero.justify the statement.​

Answer 1

Answer:

you might have heared of the proverb too many cooks spoil the broth the law of diminishing returns discuss this in the context of production what happens when we keep on adding inputs and exceed the quantity required for optimum production let's find out.

Explanation:

thethe law of variable proportions is a new name for the law of diminishing returns a concept of classical economics but before getting on with the law there is a need to understand the total product TP , marginal product MP and average product AP

Answer 2

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