Question

in the law of variable proportion the second stage of production ends when​

Answer 1

Explanation:

the variable factor.

At the end of the second stage, i.e., at point M marginal product of labour is zero which corresponds to the maximum point H of the total product curve TP. This stage is important because the firm will seek to produce in this range.

Answer 2

Answer:

In stage 2, the total product continues to increase at a diminishing rate until it reaches its maximum point H where the second stage ends. In this stage both the marginal product and the average product of the variable factor are diminishing but remain positive.

Explanation:

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