17. What is the law of Variable Proportions? Explain with the help of a diagram.
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Law of Variable proportion:
The diagram indicates, how the total product and marginal product changes as a result of increases in the quantity of one factor to a fixed quantity of other factors.
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Law of Variable proportion:
The diagram indicates, how the total product and marginal product changes as a result of increases in the quantity of one factor to a fixed quantity of other factors.
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:- Answer by ayushi
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