explain the law of variable proportion with the help of total and marginal product curves
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Production And Costs. Explain the Law of Variables Proportions with the help of total product and marginal product curves. The law of variable proportions state that as the quantity of one factor is increased, keeping the other factors fixed, the marginal product of that factor will eventually decline.
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Variables Proportions with the help of total product and marginal product curves. The law of variable proportions state that as the quantity of one factor is increased, keeping the other factors fixed, the marginal product of that factor will eventually decline.
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