Law of diminishing returns & the three stages of production Assignment

1 a) Define the law of diminishing returns to the production.

b) Mention and explain the stages of production.

2 a) What is elasticity of production?

b) By illustration of formula show that elasticity of production has independent unitsĀ of measurement.

Leave a comment

Your email address will not be published.

Drop files here


Please do not close the window until process is completed