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प्रश्न
Why is Stage II considered the rational stage for a producer to operate?
पर्याय
Average product is at its maximum
The fixed factor is fully under-utilized
Marginal product and average product are positive but falling
Marginal product is negative
MCQ
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उत्तर
Marginal product and average product are positive but falling
Explanation:
In Stage II, output increases at a decreasing rate, and the producer makes rational decisions about input use.
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