Question

assumptions of law of variable proportion ​

Answer 1

Answer:

Assumptions: The law of variable proportions holds good under the following conditions: Constant State of Technology: First, the state of technology is assumed to be given and unchanged. If there is improvement in the technology, then the marginal product may rise instead of diminishing

Answer 2

Explanation:

The law of variable proportions is as follows: “If a producer increases the units of a variable factor while keeping other factors fixed, then initially the total product increases at an increasing rate, then it increases at a diminishing rate, and finally starts declining.”