Question

Define law of variable proportion ? ( this is 6 marks questions and I write enough things but unable to fetch full marks .) please give me suitable answers like assumptions and all in a well manner and well structure .

Answer 1

Hey mate!

I am here with your answer!

The law of variable proportions states that as the quantity of one factor is increased, keeping the other factors fixed, the marginal product of that factor will eventually decline.

Keeping other factors fixed, the law explains the production function with one factor variable. In the short run when output of a commodity is sought to be increased, the law of variable proportions comes into operation. Advertisements. This tendency in the theory of production called the Law of Variable Proportion.

Hope this will help you!

Answer 2

Answer:

hi Mate

here's ur answer in this attachment