ma'am it says everywhere that stage 1 ends when AP is maximum and equal to MP. And when MP is maximum it is called inflexion point can you check it out please
inflexion point is where MP is maximum and that is also where stage I ends. Also the AP curve cuts MP at the equilibrium point which lies inside stage 2. Inflexion means the slope changes its slope, so TP increases at a decreasing rate after the inflexion point. This means the slope of MP (the TP's slope) starts decreasing after the inflexion point, which means that TP rises at a decreasing rate after this point. So that max MP is where stage1 ends and stage 2 begins
Madam, it is the point where AP equals MP, that's when stage 1 of production ends. At that point AP is maximum. When MP is maximum it is the point of inflection and that point is included within the stage 1 of production.
TC can never be zero because TC=TVC+TFC, and since TFC is always there it can never be zero, there will always be a cost even when the production is zero.
Thank you ma'am
ma'am it says everywhere that stage 1 ends when AP is maximum and equal to MP. And when MP is maximum it is called inflexion point can you check it out please
inflexion point is where MP is maximum and that is also where stage I ends. Also the AP curve cuts MP at the equilibrium point which lies inside stage 2. Inflexion means the slope changes its slope, so TP increases at a decreasing rate after the inflexion point. This means the slope of MP (the TP's slope) starts decreasing after the inflexion point, which means that TP rises at a decreasing rate after this point. So that max MP is where stage1 ends and stage 2 begins
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Madam, it is the point where AP equals MP, that's when stage 1 of production ends. At that point AP is maximum. When MP is maximum it is the point of inflection and that point is included within the stage 1 of production.
TC can never be zero because TC=TVC+TFC, and since TFC is always there it can never be zero, there will always be a cost even when the production is zero.
ma'am TC curve TFC curve se uper hi ata hai niche nahi
Mam plz phle theory pdao toipc ki fer krvao mcqs es tra kuch smj nhi aata hai
Mam mujhe confusion hai ek question me
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