Economy, asked by sagarsingh4094, 2 months ago

explain the law of variable proporti in terms of behaviour of total physical product with the help og daigram 6marks​

Answers

Answered by kimseokjin29
1

Answer:

Solution : 

According to the Law of Variable Proportions as only one input is increased, other remaining unchanged, the total product increases at an increasing rate, then at a decreasing rate and ultimately falls.

Phase I In the first phase, TP increases at an increasing rate upto point A.

Phase II In the second phase. TP increases at a diminishing rate between point A & B

Phase III In the third phase, TP starts falling beyond point 

Explanation:

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