Discuss the law of return to
various proportion with the help of suitable diagram?
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Answer: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.”
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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.”
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