what are the reason behind 1 stage 2nd and 3rd stages of law of variable proportion
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Explanation:
In stage 1 the fixed factor is too much relative to the variable factor. Therefore, in stage 1, marginal product of the fixed factor is negative. On the other hand, in stage 3 the variable factor is too much relative to the fixed factor. Therefore, in stage 3, the marginal product of the variable factor is negative.
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hi surjeet how are u all
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