Question

Explain the causes behind the law of variable proportion .

Answer 1

Answer:

In the short run, when one input is variable and all other inputs are fixed, the firm's production function exhibits the law of variable proportions. This law shows the nature of rate of change in output due to a change in only one variable factor of production.

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.

Explanation:

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Answer 2

Answer:

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

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