Which of the following indicates when Stage I ends and Stage II begins in the short-run production?
A)when AP = 0
B)when MP = 0
C)when MP = AP
D)when MP starts to diminish

Question

Quizplus · Accepted Answer

Stage I ends and Stage II begins in the short-run production process when the marginal product (MP) equals the average product (AP). This point marks the most efficient level of production before diminishing returns set in.

Which of the Following Indicates When Stage I Ends and Stage