The elasticity of production (EP) at the starting point of stage II in the law of diminishing returns would be

✅ Explanation: The elasticity of production (EP) measures the responsiveness of output to changes in input. At the starting point of stage II (where diminishing returns begin), the EP is equal to 1. This means that a 1% increase in input will result in a 1% increase in output. This is the point where the production function transitions from increasing returns to scale (Stage I) to decreasing returns to scale (Stage II).