Glossaria.net

Glossary Microeconomics / Term

Stage III (of Production)

A short run production concept where the marginal productivity of the variable input is negative. This is an indication that the fixed factors of production are overwhelmed by too much of the variable factor.

Permanent link Stage III (of Production) - Creation date 2021-07-10


< Stage II (of Production) Glossary / Microeconomics Stock Variable >