22. Which one is not an assumption of law
of Variable Proportion?
1. Constant technology
2.Homogenous units of output
3.Factors are combined in different proportion
4.None
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Explanation:
The law of variable proportions only applies only when the proportion of factor inputs can be changed. This in turn is only possible when all factors except the one being investigated remain fixed. It also assumes that every marginal unit is the same, and the state of technology is fixed.
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Answer:
constant techonology
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