Three stages of Short-run law:
The behavior of the output whenever the differing quantity of one factor is joined with a fixed quantity of the other and can be classified into three phases. They are:
(i) Increasing returns stage(ii) Decreasing returns stage(iii) Negative returns stage
The three phases could be better understood by the table and figure shown below:
Table: Stages of Law of Variable Proportions
Figure: Law of Variable Proportions
Stage I: Stage of increasing returns:
Stage I finishes where the average product arrives its highest (i.e., maximum) point. During this phase, the total product, the average product and the marginal product are rising. It is notable that the marginal product in this phase increases however in a later portion it begins declining. However marginal product begins declining, it is bigger than the average product, and therefore the average product continues to increase.Stage II: Stage of decreasing returns:
Stage II finishes at the point where the marginal product is zero. In second phase, the net product continues to rise however at a diminishing rate. The marginal and average products are declining but are positive. At the end of second phase, the net product is maximum and the marginal product is zero.Stage III: Stage of negative returns:
In this phase the marginal product becomes negative. The net product and the average product are refusing.
Latest technology based Economics Online Tutoring Assistance
Tutors, at the www.tutorsglobe.com, take pledge to provide full satisfaction and assurance in Production help via online tutoring. Students are getting 100% satisfaction by online tutors across the globe. Here you can get homework help for Production, project ideas and tutorials. We provide email based Production help. You can join us to ask queries 24x7 with live, experienced and qualified online tutors specialized in Production. Through Online Tutoring, you would be able to complete your homework or assignments at your home. Tutors at the TutorsGlobe are committed to provide the best quality online tutoring assistance for Economics Homework help and assignment help services. They use their experience, as they have solved thousands of Economics assignments, which may help you to solve your complex issues of Production. TutorsGlobe assure for the best quality compliance to your homework. Compromise with quality is not in our dictionary. If we feel that we are not able to provide the homework help as per the deadline or given instruction by the student, we refund the money of the student without any delay.
tutorsglobe.com fleshy xerophytes assignment help-homework help by online xeric habitats characterization tutors
Classification of digenetic Trematodes tutorial all along with the key concepts of Blood flukes, Lung flukes, Liver fluke, Intestinal flukes and Pancreatic flukes
www.tutorsglobe.com offers other configuration notations homework help, other configuration notations assignment help, online tutoring assistance, organic chemistry solutions by online qualified tutor's help.
Functions of the Plasma Membrane tutorial all along with the key concepts of Cell Transport, Passive Transport Processes, Diffusion and Plasma Membrane, Facilitated Diffusion, Endomembrane System in Eukaryotic Cells, Cytoskeleton
Diffraction and Resolution tutorial all along with the key concepts of Diffraction and Image formation, Resolving power of Optical instruments, Resolving Power of Astronomical Telescope, Resolving Power of Microscope and X-ray diffraction
Diagrams might be of different types, One-Dimensional Diagrams,Two-Dimensional Diagrams, Three-Dimensional Diagrams, Pictograms, Cartograms or Map Diagrams. Costing data are usually presented by one-dimensional or two-dimensional diagrams.
b) If battery eliminator is employed, test its output dc voltage. If output voltage is acquired, a) Clean the battery contacts and test the battery.
theory and lecture notes of shifting, reflecting and stretching graphs all along with the key concepts of translations, shifts, scales, reflections, digression, normal & inverse behavior, effect on domain & range. tutorsglobe offers homework help, assignment help and tutor’s assistance on shifting, reflecting and stretching graphs.
wondering where to get the finest britain after 1688 assignment help service at low prices? get it from our qualified tutors!
tutorsglobe.com spinal cord functioning assignment help-homework help by online co-ordination systems tutors
connect and measure the voltages of various stages in am radio receiver. connections are given according to the block diagram
www.tutorsglobe.com offers Fourth Generation Language homework help, assignment help, case study, writing homework help, online tutoring assistance by computer science tutors.
is biophysics assignment driving you insane? avail biophysics assignment help from qualified tutors at viable rates and secure a++!
Neutron Physics tutorial all along with the key concepts of Neutron Interactions, Elastic scattering, Inelastic scattering, Radioactive capture, Charged-particle reactions, Neutron-producing reactions, Fission and Cross Sections
theory and lecture notes of power in ac circuits all along with the key concepts of resistive power dissipation, instantaneous power, average power, imaginary power and power in purely inductive load. tutorsglobe offers homework help, assignment help and tutor’s assistance on power in ac circuits.
1930835
Questions Asked
3689
Tutors
1469911
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!