Question

Law of variable proportions suggests three stages of production [also called three phases of production] i. Stage I Increasing returns ii. Stage II Diminishing returns iii. Stage III Negative returns (i) Will you as a producer stop in stage I of production? (ii) Will you as a producer enter in III stage of production? (iii) Will you as producer stop in stage II of production? Giving reasons, answer the above questions. ​

Answer 1

Answer:

Will you as producer enter lll stage ll of production