Question

1
2
3
4
5
Units of Labour
Total Physical Product (units)
20
50
70
80
60
indentify the three phrases of the law of variable proportions from the following schedule​

Answer 1

Answer:

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Explanation:

Total product is defined as the sum total of output produced by a firm by employing a particular input. It is also known as the Total Physical Product and is represented as

Where, ∑ represents summation of all outputs and Qx represents units of output x produced by an input.