Compare and contrast the three stages of short run production function.which stage is a rational stage?why?
The short run production in stage one is so due to the increase of the products. The second stage decreases because of the marginal input while the third stage decreases much making the marginal input to be negative. Stage two is the rational stage because the marginal product and the average product are positive. For more information, refer to http://www.amosweb.com/cgi-bin/awb_nav.pl?s=wpd&c=dsp&k=production+stages and http://www.agriinfo.in/default.aspx?page=topic&superid=10&topicid=228.
compare and contrast the three stages of short run production function.