Lecture 2: Three stages of Production #productioneconomics#APP#MPP#TPP#elasticity
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YouTubeEconomics at a glance by Shruti
Lecture 2: Three stages of Production #productioneconomics#APP#MPP#TPP#elasticity
There are three stages First stage Stage one is the period of most growth in a company's production. In this period, each additional variable input will produce more products. This signifies an increasing marginal return; the investment on the variable input outweighs the cost of producing an additional product at an increasing rate. As an ...
46.7K viewsMay 13, 2021
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