Economy, asked by Yfuf66666, 8 months ago

Explain ‘law of variable proportion’. Explain its 3 stages by using a graph.

Answers

Answered by itzshrutiBasrani

Explanation:

Three Stages of the Law

The law has three stages as explained below: Stage I – The TPP increases at an increasing rate and the MPP increases too. The MPP increases with an increase in the units of the variable factor.

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