Economy, asked by saguftanaaz218, 1 month ago

analyse the relationship involving TP,AP and MP in three stages of production process.​

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Answered by iAmHoBiSpRiTexD
19

Answer:

The relations among TP, AP and MP are used to define three stages of production: Stage I is known as the stage of increasing returns where TP increases at an increasing rate and, hence, AP and MP rise. However, MP exceeds AP throughout this stage.

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