Economy, asked by avdhutdhamankar1493, 10 months ago

Explain the law of variable proportion with the help of total and marginal physical product curves

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Answered by Anonymous
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The law of variable proportions is used to explain the relationship between Total Product and Marginal Product. It states that when only one variable factor input is allowed to increase and all other inputs are kept constant, the following can be observed: ... When the MP becomes zero, Total Product reaches its maximum.

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