According to the Law of Variable Proportions, in which stage would a p – InterviewSolution

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1.	According to the Law of Variable Proportions, in which stage would a producer like to operate? Explain why.
Answer» The producer will like to operate in stage II where TP increases at a diminishing rate, MP falls but remains positive. In this phase. AP is maximum and MP is zero, TP rises at a diminishing rate.

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