what can be said about the elasticity of production , assuming the classical production function ,at the output at which:
1 MPPis at maximum
2 APP is at maximum
3 MPP is Zero
4 MPP = APP
5 MPP is negative
6 MPP is less than APP
what can be said about the elasticity of production , assuming the classical production function ,at the output at which:
1 MPPis at maximum
2 APP is at maximum
3 MPP is Zero
4 MPP = APP
5 MPP is negative
6 MPP is less than APP