Explain the behavior of TP and MP when for increasing production only one input is increased while all other input are kept constant
Answers
Answered by
2
Answer:
plz mark as brainlist
Explanation:
The law of variable proportion shows that as we increase the quantity of only one input, keeping other inputs fixed, the total product increases at an increasing rate in the beginning, then increases at diminishing rate and after a level of output ultimately falls.
Similar questions