Assumptions of law of variable proportion??
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Heya....
Assumptions of Law of Variable Proportion are as follows.....
* Ratio in which factor of production are combined can be changed...
* Units of the variable factor are homogeneous..
* State of technology doesn't change...
Assumptions of Law of Variable Proportion are as follows.....
* Ratio in which factor of production are combined can be changed...
* Units of the variable factor are homogeneous..
* State of technology doesn't change...
Anonymous:
what is ur ques
Answered by
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Heya......
Law of variable has following ASSUMPTION........
@@ Technology of production should be constant......
@@ Labour or variable factor used in the process should be homogeneous or equal in ability......
@@ Ratio among factors can be change according to requirements.....
## Good luck !!!
Law of variable has following ASSUMPTION........
@@ Technology of production should be constant......
@@ Labour or variable factor used in the process should be homogeneous or equal in ability......
@@ Ratio among factors can be change according to requirements.....
## Good luck !!!
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