A rational Producer Produres in that region where
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A rational producer will always seek to produce in stage 2 where both the marginal product and average product of the variable factor are diminishing. At which particular point in this stage, the producer will decide to produce depends upon the prices of factors.
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A rational producer will always seek to produce in stage 2 where both the marginal product and average product of the variable factor are diminishing. At which particular point in this stage, the producer will decide to produce depends upon the prices of factors.
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