explain the law of variable proportion
Answers
Answered by
6
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.
harshavardhan48:
Can u expalain it in some simple words
ok sure
wait
Kk
Law of Variable Proportion is regarded as an important theory in Economics. It is referred to as the law which states that when the quantity of one factor of production is increased, while keeping all other factors constant, it will result in the decline of the marginal product of that factor.
hope this helps
Yeah thanks buddie
Answered by
5
Answer:
the law of variable proportion states that the quantity of one factor is increase, keeping the other factors fixed,the marginal product of that factor will eventually declined.
Similar questions