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    Question

    In which of the following option the elasticity of

    production is incorrectly matched with the stage of production?
    A Ep = 1, (At the end of I stage) Correct Answer Incorrect Answer
    B Ep > 1, Increasing Returns (I Stage of Production) Correct Answer Incorrect Answer
    C Ep < 1, Diminishing returns (II Stage of Production) Correct Answer Incorrect Answer
    D Ep < 0, Negative Returns (III Stage of Production) Correct Answer Incorrect Answer
    E Ep = 0, (At the end of III stage) Correct Answer Incorrect Answer

    Solution

    Ep = 0, When MPP is zero or TPP is Maximum (At the end of II stage)

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