Economics · Production Theory

When does the first stage of production end in the law of variable proportions?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1When the marginal product of the variable factor is zero
2When the marginal product of the variable factor is maximum
3When the average product of the variable factor is maximum✓
4When the total product of the variable factor is maximum

Correct answer

When the average product of the variable factor is maximum

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When does the first stage of production end in the law of variable proportions?

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