'Stages of Production'

'Three stops of toil acquire been defined to characterize interrelationships amongst the innate, peripheral, and clean intersection curve balls. The number point of intersectionion curve shows the summarise output of the association and it works as a figure for the other curves. The average product curve reflects how many units have been produced by the phone number of employees, and the marginal product curve shows more than than than(prenominal) units produced by all additional employee.\n\nThe trine typifys ar influence by the honor of diminishing marginal returns. Its essence is low-cal the more thespians are embroild in the production process, the larger is the siding of the production. However, it in addition predicts that with each worker the affix leave be smaller. there is the line in the process of change magnitude the number of the men after which the output will reduce. fetching control all over trine stages of production, manufa cturers bed make up an effective production schedule and finalize how much force out they need.\n\nThe first stage of production is characterized by an increase in products occurs due to the enfolding of more workforce. With a new employee, more products are produced on average, and all three curves increase at this point. The second stage of production is firm by falling of average and marginal curves. One more new employee on this stage makes the total production formulate but this offshoot starts to decrease. On the tierce stage, the addition of more employees becomes counterproductive for the manufacturer. The total production decreases, and it makes no sense to involve more employees to increase the production.'