Question

11. State the phases of the law of variable proportions in terms of total
physical product. Use diagram.
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Answer 1

Explanation:

The Law also states that if we keep all other factors constant and increase the units of a variable factor, then the marginal physical product initially increases, then decreases, and finally becomes negative. Therefore, it has three stages: I – MPP increasing. II – MPP decreasing but remaining positive.

Answer 2

Answer:

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Explanation:

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