Economy, asked by vrahi6585, 10 months ago

In 2nd stage of production on which point a rational produces choose to produce?

Answers

Answered by aayushmamatajain
1

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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