Economy, asked by Vasishta263, 1 year ago

what do you mean by the rational producer?????????

Answers

Answered by Abhaytomar11

3

hey mate here is your answer...
........
In terms of economics, a rational producer is the one who aims at maximisation of profit. Technically, a rational producer operates in the stage of 'diminishing returns to a factor' where the fixed factor is fully utilised and the efficiency of the factors is the maximum.

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