Stage II of production begins at the point .

of inflection of TP

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where AP = MP

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where TP is maximum

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where MP is maximum

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Solution

The correct option is B where AP = MP
Stage II is the stage that reflects law of diminishing returns. This stage starts where AP = MP, as AP starts falling after this point.

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Similar questions

Q. The point of inflection on the TP curve corresponds to the level of input where .

Q. Let TP = Total Product, AP = Average Product and MP = Marginal Product. Use the following table and answer the questions.

Quantity of Variable Factor	TP (in units)	AP (in units)	MP (in units)
1	1000	A	B
2	C	D	600
3	E	700	F
4	2100	G	H
5	I	400	J

Find the value of "F" in the above Table.

Q. When the Average Product(AP) is maximum, the Marginal Product(MP) is:

Q. At the existing level of output,

M P = A P = 10

units. Would

A P

be equal to

M P

when production is increased and law of variable proportions is in operation?

At the existing level of output, MP = AP = 10 units. Would AP be equal to MP when production is increased and law of variable proportions is in operation?

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Stage II of production begins at the point .

The correct option is B where AP = MPStage II is the stage that reflects law of diminishing returns. This stage starts where AP = MP, as AP starts falling after this point.

The correct option is B where AP = MP
Stage II is the stage that reflects law of diminishing returns. This stage starts where AP = MP, as AP starts falling after this point.