Question

what are the three stages involved in production in an Industry​

Answer 1

Answer:

The three stages of short-run production are readily seen with the three product curves--total product, average product, and marginal product. A set of product curves is presented in the exhibit to the right. The variable input in this example is labor.

Answer 2

Raw materials, Input, and Output are the three stages involved in the production.

What is Production?

• Production means raw materials used to make goods or services
• The raw material is also called the Primary factor
• The production of anything depends upon the need of the people
• The quality and the quantity are the two main factors of production
• When the quality of price decreases then people get more satisfaction
• Efficiency of the worker plays a great role in the production
• The main aim of the production is to maximize the profit