1. Managerial Economics Prepared by : - Amit Maisuriya 2. Stages of the law of Variable Proportions1. Stage of Increasing Returns2. Stage of diminishing returns3. Stage of…
1. Production & its ProcessProduction = Transformation [Input Output]Process Production ManagementI Labour O PollutionNUNaturalTransformatioPn TGoods & ServicesUCapital…