ECONOMICS
SUPPLY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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negative returns, diminishing returns, increasing returns.
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diminishing returns, increasing returns, negative returns.
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increasing returns, diminishing returns, negative returns.
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increasing returns. negative returns, diminishing returns.
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Detailed explanation-1: -3.1 Stage I: Increasing Returns. 3.2 Stage II: Diminishing Returns. 3.3 Stage III: Negative Returns.
Detailed explanation-2: -There are three stages to the law of diminishing returns: increasing returns, decreasing returns, and negative returns. Economies of scale are when increases in factors of production leads to increased output.
Detailed explanation-3: -However, there are three key stages that take place in the production of any film: pre-production (planning), production (filming), and post-production (editing, color-grading, and visual effects).
Detailed explanation-4: -The three stages of short-run production are readily seen with the three product curves–total product, average product, and marginal product.
Detailed explanation-5: -Therefore we can say that there are three stages of the law of diminishing returns: Increase of marginal returns. Maximum marginal returns. Diminishing marginal returns.