Economy, asked by jeeya33, 5 months ago

1) Define total product according
to law of variable proportion​

Answers

Answered by itzcutejatni
8

Answer:

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Explanation:

Law of Variable Proportions or Returns to a Factor. ... The law states that keeping other factors constant, when you increase the variable factor, then the total product initially increases at an increases rate, then increases at a diminishing rate, and eventually starts declining.

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