Question

16. Which of the following is not an assumption of the law of variable proportions?
(a) only one factor is variable
(b) Technique of production remains constant
(c) Proportion of factors of production remains same.
(d) Units of variable factor are homogeneous.

Answer 1

Answer:

The correct answer is option (b)

Explanation:

TheXPRO

Answer 2

Option c is the correct answer.

Of the following 'Proportion of factors of production remains same.' is not an assumption of the law of variable proportions.

There are 4 main assumptions of the law of variable proportions:

1. It is applicable in short run because in long run all the factors of production are variable.
2. Only one factor is variable other factors are kept constant in order to see the change in the production by varying one variable.
3. Units of variable factor are homogeneous.
4. Technique of production remains constant.