a production theory states that " the marginal product of a factor input initially rises. But after reaching a certain level, it starts falling " . identify the theory.
a) law of fixed proportion
b) law of variable proportion
c) increasing return to scale
d) decreasing return to scale
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The Law of Variable Proportions or Returns to a Factor plays an important role ... Browse more Topics under Theory Of Production ... Suggested Videos on Law of Multiple Proportion.
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