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a]increasing marginal returns
b]diminishing returns
c]negative returns
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∙ 12y ago
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Importance of mobility of factors of production?
emphasise on efficiency of production in a firm
Describe the production function with one variable input and explain the relationship between TPMP and AP curves and the three stages of production?
there are three stages of production mp>ap
What is the production function and types of production function?
production function is relation between firm's production and material factors of production
What war the 3 stages of production?
Three stages of production are increasing marginal returns, diminishing marginal returns, and negative marginal returns.
All what are stages of production except?
socialism
Importance of mobility of factors of production?
emphasise on efficiency of production in a firm
Describe the production function with one variable input and explain the relationship between TPMP and AP curves and the three stages of production?
there are three stages of production mp>ap
What is the production function and types of production function?
production function is relation between firm's production and material factors of production
What does chain of production mean?
The chain of production is the different stages involved in the production of a particular product :)
What war the 3 stages of production?
Three stages of production are increasing marginal returns, diminishing marginal returns, and negative marginal returns.
How many stages of voice production are there?
5
All what are stages of production except?
socialism
What are the stages of production based on?
jhjkldfjklsfjdkl;asjf
What is large scale of production?
When a business or a firm produce large amount of production, then it is called large scale of production.
Stages of voice production?
the stages where the air passes through trachea and into the larynx which contains the vocal cords
Explain the factors detemimining working capital requirements of a firm?
The nature of the business, seasonality of production and the production cycles are some of the factors that determine the working capital requirements of a firm.
Which would contribute most to a firm experiencing economies of scale?
specialization of production within the firm (double check me)
