A rational producer always aims to operate in _______ of Law of Variable Proportions:

A rational producer always aims to operate in _______ of Law of Variab

1.	A rational producer always aims to operate in _______ of Law of Variable Proportions:
Answer» `1^(st)` Phase (INCREASING returns to a factor) `2^(ND)` Phase (DIMINISHING returns to a factor) `3^(rd)` Phase (Negative returns to a factor) Either `1^(st)` Phase or `2^(nd)` Phase Answer :B