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Question
What Happens in the Second Stage of Law of Variable Proportions?
What Happens in the Second Stage of Law of Variable Proportions?
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Solution
In the second stage of law of variable proportions the total product continues to increase at a diminishing rate till the time it reaches its maximum point of production and that signifies the end of the second stage.
In this stage the average product and marginal product also decline, but their values remain positive.
Also read:
- Meaning of Demand and Factors Affecting Demand
- Law of Variable Proportion
- The Law of Diminishing Marginal Product and the Law of Variable Proportions
Stay connected with BYJU’S for more such questions and answers on various commerce topics.
In the second stage of law of variable proportions the total product continues to increase at a diminishing rate till the time it reaches its maximum point of production and that signifies the end of the second stage.
In this stage the average product and marginal product also decline, but their values remain positive.
Also read:
- Meaning of Demand and Factors Affecting Demand
- Law of Variable Proportion
- The Law of Diminishing Marginal Product and the Law of Variable Proportions
Stay connected with BYJU’S for more such questions and answers on various commerce topics.
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