The diagram below shows a graphical representation of an economic law. Explain what is happening in each of the zones marked A, B and C...

      

The diagram below shows a graphical representation of an economic law.
fig9171020191155.png
Explain what is happening in each of the zones marked A, B and C in relation to utilization of scarce resources.

  

Answers


Kavungya
Zone A- For each additional unit of input applied, the output increases because inputs are under utilized.
Zone B- For each additional unit of input, output increases at a slower rate because inputs are maximally utilized.
Zone C- For each additional unit of input applied, the output decreases because the inputs are over utilized.
Kavungya answered the question on October 17, 2019 at 08:56


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