Economy, asked by saguftanaaz218, 2 months ago

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

Answers

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.

Hope it helps you mate..

Attachments:
Similar questions