Economy, asked by Kaverappa, 10 months ago

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Explain the law of variable
proposition​

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Answered by mugdha10
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\huge\star\underline\mathfrak\red{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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