22-09-2021
Geography

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19. A company's production schedule shows that its marginal product is decreasing.
Its worker productivity is growing. What stage of production is the company in?

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22-09-2021

Answer:

Three Stages of Production in Economics - Bizfluent

Three Stages of Production in Economics - BizfluentStage two is the period where marginal returns start to decrease. Each additional variable input will still produce additional units but at a decreasing rate. This is because of the law of diminishing returns: Output steadily decreases on each additional unit of variable input, holding all other inputs fixed

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