Economy, asked by kassahuntesfay4500, 3 months ago

at what stage of production should a rational firm product? why?

Answers

Answered by stuprajin6202
0

Answer:

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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