in first case the current would shoot up
Actually the voltage output becomes close to 0 V hevce the power is also close to zero Watt (V*I).
and in second case there wouldnt be any current.
As you said I=0, therefore P = 48V * 0A = 0 Watt
In between we have three conditions:
(1) R_load = Vmax/Imax
(2) R_load > Vmax/Imax
(3) R_load < Vmax/Imax
where, from your example:
Vmax = 48 V but let us make it 50 V instead for simplicity. ok?
Imax = 5 A
In case (1):
R_load = 50 / 5 = 10 Ohm
So P = Vmax*Vmax/R_load = 50*50/10 = 250 W
also P = Imax*Imax*R_load = 5*5*10 = 250 W
also P = Vmax*Imax = 50*5 = 250 W
In case (2):
Since R_load is relatively of a high resistance, it doesn't allow a 5A current to pass thru it by a 50V only.
Actually:
I_load = Vmax/R_load
So if R_load is 25 Ohm (> 10 Ohm)
I_load = 50 / 25 = 2 A (not 5 A)
So P = Vmax*Vmax/R_load = 50*50/25 = 100 W
also P = I_load*I_load*R_load = 2*2*25 = 100 W
also P = Vmax*I_load = 50*2 = 100 W
In case (3):
Since R_load is relatively of a low resistance, it needs more current than 5A if 50V is applied on it.
Since I_max of the supply cannot exceed 5A, the voltage on the load HAS to decrease to:
V_load = Imax*R_load (not Vmax anymore)
So if R_load is 2 Ohm (< 10 Ohm)
V_load = 5*2 = 10 V (not 50 V)
So P = V_load*V_load/R_load = 10*10/2 = 50 W
also P = Imax*Imax*R_load = 5*5*2 = 50 W
also P = V_load*Imax = 10*5 = 50 W
Sorry I can't give you more than this